SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Stake Lifted by Raymond James & Associates

Raymond James & Associates increased its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 16.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,571 shares of the exchange traded fund’s stock after purchasing an additional 27,018 shares during the period. Raymond James & Associates’ holdings in SPDR S&P Regional Banking ETF were worth $10,956,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KRE. Clear Point Advisors Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter worth $44,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Regional Banking ETF during the second quarter worth about $50,000. Future Financial Wealth Managment LLC bought a new stake in SPDR S&P Regional Banking ETF in the third quarter worth about $58,000. Family Firm Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $60,000. Finally, Woodmont Investment Counsel LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at about $63,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE opened at $59.56 on Tuesday. The firm’s 50 day moving average is $56.78 and its 200-day moving average is $52.61. SPDR S&P Regional Banking ETF has a 12-month low of $38.83 and a 12-month high of $60.61. The stock has a market capitalization of $3.18 billion, a P/E ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF 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.