Janney Montgomery Scott LLC Acquires 23,368 Shares of SPDR S&P Regional Banking ETF $KRE

Janney Montgomery Scott LLC raised its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 30.9% during the 1st quarter, HoldingsChannel reports. The fund owned 98,978 shares of the exchange traded fund’s stock after acquiring an additional 23,368 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR S&P Regional Banking ETF were worth $6,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. MGO One Seven LLC raised its holdings in SPDR S&P Regional Banking ETF by 4.3% in the 4th quarter. MGO One Seven LLC now owns 3,771 shares of the exchange traded fund’s stock worth $244,000 after purchasing an additional 156 shares during the period. Apollon Wealth Management LLC grew its holdings in SPDR S&P Regional Banking ETF by 3.8% during the fourth quarter. Apollon Wealth Management LLC now owns 4,842 shares of the exchange traded fund’s stock valued at $314,000 after purchasing an additional 178 shares during the period. Toth Financial Advisory Corp increased its position in SPDR S&P Regional Banking ETF by 2.9% in the fourth quarter. Toth Financial Advisory Corp now owns 6,579 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 188 shares in the last quarter. IFG Advisory LLC increased its position in SPDR S&P Regional Banking ETF by 2.3% in the fourth quarter. IFG Advisory LLC now owns 8,581 shares of the exchange traded fund’s stock worth $556,000 after buying an additional 189 shares in the last quarter. Finally, US Bancorp DE increased its position in SPDR S&P Regional Banking ETF by 1.9% in the third quarter. US Bancorp DE now owns 10,366 shares of the exchange traded fund’s stock worth $656,000 after buying an additional 193 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

KRE stock opened at $75.02 on Friday. SPDR S&P Regional Banking ETF has a twelve month low of $57.55 and a twelve month high of $76.84. The stock has a market cap of $5.08 billion, a P/E ratio of 12.39 and a beta of 0.84. The business’s 50-day moving average price is $70.76 and its 200-day moving average price is $68.71.

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.