Adams Wealth Management Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Adams Wealth Management purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, HoldingsChannel reports. The firm purchased 107,765 shares of the exchange traded fund’s stock, valued at approximately $6,504,000. SPDR S&P Regional Banking ETF makes up approximately 1.2% of Adams Wealth Management’s holdings, making the stock its 22nd largest position.

Several other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in SPDR S&P Regional Banking ETF by 1,861.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,701,950 shares of the exchange traded fund’s stock worth $223,413,000 after buying an additional 3,513,217 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $42,861,000. Bessemer Group Inc. increased its stake in SPDR S&P Regional Banking ETF by 28.3% in the fourth quarter. Bessemer Group Inc. now owns 1,852,585 shares of the exchange traded fund’s stock valued at $111,802,000 after acquiring an additional 408,350 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $21,759,000. Finally, DAVENPORT & Co LLC bought a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth $14,868,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE stock opened at $51.42 on Friday. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.63 and a fifty-two week high of $70.25. The stock’s fifty day moving average price is $57.05 and its two-hundred day moving average price is $60.41. The company has a market cap of $3.06 billion, a PE ratio of 12.74 and a beta of 1.09.

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.