SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Purchased by First American Bank

First American Bank boosted its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 95.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,442 shares of the exchange traded fund’s stock after purchasing an additional 24,196 shares during the period. First American Bank’s holdings in SPDR S&P Regional Banking ETF were worth $2,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Lowe Wealth Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $25,000. Valley Wealth Managers Inc. lifted its stake 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 worth $28,000 after acquiring an additional 455 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at about $32,000. Larson Financial Group LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth about $57,000. Finally, JFS Wealth Advisors LLC increased its stake in SPDR S&P Regional Banking ETF by 295.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 945 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 706 shares during the period.

SPDR S&P Regional Banking ETF Stock Up 0.1 %

Shares of KRE stock opened at $61.26 on Friday. The firm has a 50 day moving average of $62.27 and a two-hundred day moving average of $60.67. The stock has a market capitalization of $4.68 billion, a PE ratio of 13.97 and a beta of 1.11. 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 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.