Future Financial Wealth Managment LLC Invests $154,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Future Financial Wealth Managment LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,059 shares of the exchange traded fund’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mutual Advisors LLC raised its position in shares of SPDR S&P Regional Banking ETF by 4.0% during the third quarter. Mutual Advisors LLC now owns 15,117 shares of the exchange traded fund’s stock worth $631,000 after acquiring an additional 578 shares during the last quarter. Bank of Nova Scotia boosted its stake in SPDR S&P Regional Banking ETF by 9.8% in the 3rd quarter. Bank of Nova Scotia now owns 25,567 shares of the exchange traded fund’s stock worth $1,068,000 after purchasing an additional 2,280 shares during the period. Waverly Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $325,000. Glenmede Trust Co. NA boosted its holdings in SPDR S&P Regional Banking ETF by 142.7% during the third quarter. Glenmede Trust Co. NA now owns 5,035 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 2,960 shares during the last quarter. Finally, Laurion Capital Management LP grew its position in SPDR S&P Regional Banking ETF by 11.1% in the third quarter. Laurion Capital Management LP now owns 81,400 shares of the exchange traded fund’s stock valued at $3,400,000 after purchasing an additional 8,100 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 1.1 %

SPDR S&P Regional Banking ETF stock opened at $47.63 on Friday. The company has a market cap of $2.54 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 1-year low of $37.66 and a 1-year high of $54.47. The company has a fifty day simple moving average of $48.43 and a 200 day simple moving average of $49.16.

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.