Valley Wealth Managers Inc. Has $12.70 Million Stake in SPDR S&P Regional Banking ETF $KRE

Valley Wealth Managers Inc. grew its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 19,594,500.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 195,946 shares of the exchange traded fund’s stock after buying an additional 195,945 shares during the period. Valley Wealth Managers Inc. owned approximately 0.33% of SPDR S&P Regional Banking ETF worth $12,699,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Aventura Private Wealth LLC bought a new position in SPDR S&P Regional Banking ETF during the fourth quarter valued at about $26,000. Grey Fox Wealth Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $35,000. Accent Capital Management LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 300 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $39,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $63,000.

SPDR S&P Regional Banking ETF Trading Down 1.9%

KRE opened at $68.55 on Tuesday. The stock’s 50 day simple moving average is $66.97 and its 200-day simple moving average is $66.28. The stock has a market cap of $4.12 billion, a PE ratio of 12.39 and a beta of 0.86. SPDR S&P Regional Banking ETF has a 1 year low of $55.37 and a 1 year high of $74.08.

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.