Prime Capital Investment Advisors LLC Invests $565,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Prime Capital Investment Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 9,983 shares of the exchange traded fund’s stock, valued at approximately $565,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KRE. Beaird Harris Wealth Management LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 12.5% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,920 shares of the exchange traded fund’s stock worth $97,000 after purchasing an additional 214 shares during the period. Farther Finance Advisors LLC lifted its holdings in SPDR S&P Regional Banking ETF by 4.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,641 shares of the exchange traded fund’s stock worth $276,000 after buying an additional 251 shares during the period. SPC Financial Inc. grew its position in shares of SPDR S&P Regional Banking ETF by 2.5% in the 3rd quarter. SPC Financial Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $708,000 after buying an additional 300 shares during the last quarter. Robinson Value Management Ltd. increased its stake in shares of SPDR S&P Regional Banking ETF by 1.3% in the third quarter. Robinson Value Management Ltd. now owns 24,718 shares of the exchange traded fund’s stock valued at $1,399,000 after buying an additional 323 shares during the period. Finally, Citizens Financial Group Inc. RI raised its position in shares of SPDR S&P Regional Banking ETF by 2.3% during the second quarter. Citizens Financial Group Inc. RI now owns 18,619 shares of the exchange traded fund’s stock worth $914,000 after acquiring an additional 427 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock opened at $65.84 on Friday. The stock has a market capitalization of $3.52 billion, a PE ratio of 8.36 and a beta of 1.56. The business’s 50 day simple moving average is $58.62 and its 200 day simple moving average is $54.06. SPDR S&P Regional Banking ETF has a one year low of $43.51 and a one year high of $67.96.

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.