Banco BTG Pactual S.A. Acquires New Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Banco BTG Pactual S.A. bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, Holdings Channel.com reports. The fund bought 32,000 shares of the exchange traded fund’s stock, valued at approximately $1,910,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $26,000. Valley Wealth Managers Inc. grew its holdings in SPDR S&P Regional Banking ETF by 22,750.0% during the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 455 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $32,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth $54,000.

SPDR S&P Regional Banking ETF Stock Down 0.3 %

Shares of NYSEARCA:KRE opened at $58.25 on Wednesday. The company has a market capitalization of $3.73 billion, a P/E ratio of 12.46 and a beta of 1.09. The stock’s fifty day simple moving average is $61.29 and its 200-day simple moving average is $60.99. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25.

SPDR S&P Regional Banking ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th will be issued a $0.3782 dividend. The ex-dividend date is Monday, March 24th.

About SPDR S&P Regional Banking ETF

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.