Private Advisor Group LLC Purchases 1,520 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Private Advisor Group LLC boosted its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 10.1% in the second quarter, Holdings Channel.com reports. The firm owned 16,528 shares of the exchange traded fund’s stock after purchasing an additional 1,520 shares during the quarter. Private Advisor Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $812,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KRE. Envestnet Portfolio Solutions Inc. acquired a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $406,000. Avantax Advisory Services Inc. increased its holdings in SPDR S&P Regional Banking ETF by 113.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,714 shares of the exchange traded fund’s stock valued at $614,000 after purchasing an additional 6,231 shares during the period. Janney Montgomery Scott LLC increased its holdings in SPDR S&P Regional Banking ETF by 9.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 129,730 shares of the exchange traded fund’s stock valued at $6,802,000 after purchasing an additional 11,702 shares during the period. Beacon Pointe Advisors LLC bought a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth $201,000. Finally, Meridian Wealth Management LLC lifted its holdings in SPDR S&P Regional Banking ETF by 14.2% during the 4th quarter. Meridian Wealth Management LLC now owns 5,698 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 707 shares during the period.

SPDR S&P Regional Banking ETF Trading Up 1.3 %

Shares of KRE stock opened at $56.54 on Tuesday. SPDR S&P Regional Banking ETF has a 1-year low of $37.66 and a 1-year high of $59.59. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The stock has a 50-day moving average of $55.04 and a 200-day moving average of $50.73.

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.