6,845 Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Acquired by Kazazian Asset Management LLC

Kazazian Asset Management LLC purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, Holdings Channel reports. The firm purchased 6,845 shares of the exchange traded fund’s stock, valued at approximately $413,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Holocene Advisors LP grew its stake in SPDR S&P Regional Banking ETF by 142.6% during the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after buying an additional 311,147 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 1,910.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock valued at $25,461,000 after purchasing an additional 427,473 shares during the last quarter. Goodman Financial Corp grew its stake in shares of SPDR S&P Regional Banking ETF by 0.6% in the 3rd quarter. Goodman Financial Corp now owns 371,371 shares of the exchange traded fund’s stock valued at $21,019,000 after purchasing an additional 2,159 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $21,759,000. Finally, Terril Brothers Inc. grew its stake in shares of SPDR S&P Regional Banking ETF by 82.5% in the 4th quarter. Terril Brothers Inc. now owns 324,660 shares of the exchange traded fund’s stock valued at $19,593,000 after purchasing an additional 146,760 shares during the last quarter.

SPDR S&P Regional Banking ETF Trading Down 0.3 %

Shares of KRE stock opened at $56.97 on Wednesday. The business’s 50 day moving average is $61.49 and its two-hundred day moving average is $60.94. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The company has a market capitalization of $3.64 billion, a P/E ratio of 12.46 and a beta of 1.09.

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.