Wealthfront Advisers LLC Grows Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Wealthfront Advisers LLC boosted its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 1,893.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,630 shares of the exchange traded fund’s stock after acquiring an additional 145,922 shares during the quarter. Wealthfront Advisers LLC’s holdings in SPDR S&P Regional Banking ETF were worth $8,662,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH raised its position in SPDR S&P Regional Banking ETF by 4.7% in the 4th quarter. Trust Co. of Toledo NA OH now owns 4,299 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 193 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in SPDR S&P Regional Banking ETF by 25.7% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 255 shares in the last quarter. Principal Securities Inc. raised its position in SPDR S&P Regional Banking ETF by 5.0% in the 4th quarter. Principal Securities Inc. now owns 6,035 shares of the exchange traded fund’s stock valued at $364,000 after purchasing an additional 285 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its position in SPDR S&P Regional Banking ETF by 2.0% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 18,300 shares of the exchange traded fund’s stock valued at $1,104,000 after purchasing an additional 358 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at about $25,000.

SPDR S&P Regional Banking ETF Price Performance

KRE stock opened at $55.75 on Thursday. The firm has a market capitalization of $4.26 billion, a P/E ratio of 13.97 and a beta of 1.11. The business’s 50-day moving average is $61.88 and its two-hundred day moving average is $60.98. SPDR S&P Regional Banking ETF has a 1 year low of $45.46 and a 1 year high of $70.25.

SPDR S&P Regional Banking ETF Company Profile

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.