Holderness Investments Co. Buys Shares of 4,125 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Holderness Investments Co. purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,125 shares of the exchange traded fund’s stock, valued at approximately $249,000.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. raised its stake in shares of SPDR S&P Regional Banking ETF by 441.6% during the 4th quarter. Whittier Trust Co. now owns 3,618 shares of the exchange traded fund’s stock valued at $218,000 after purchasing an additional 2,950 shares during the period. Berkeley Capital Partners LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $225,000. Kazazian Asset Management LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $413,000. GM Advisory Group LLC grew its stake in SPDR S&P Regional Banking ETF by 6.7% during the fourth quarter. GM Advisory Group LLC now owns 7,205 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 450 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in SPDR S&P Regional Banking ETF by 276.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 54,426 shares of the exchange traded fund’s stock worth $3,284,000 after acquiring an additional 39,962 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

SPDR S&P Regional Banking ETF stock opened at $57.26 on Friday. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The stock has a market cap of $3.66 billion, a P/E ratio of 12.46 and a beta of 1.09. The firm’s fifty day moving average price is $61.36 and its 200-day moving average price is $60.89.

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.