Advisor Resource Council Buys New Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Advisor Resource Council bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, HoldingsChannel reports. The fund bought 10,867 shares of the exchange traded fund’s stock, valued at approximately $615,000.

Other hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. lifted its stake in SPDR S&P Regional Banking ETF by 35.1% in the third quarter. North Star Investment Management Corp. now owns 102,993 shares of the exchange traded fund’s stock valued at $5,829,000 after acquiring an additional 26,755 shares during the last quarter. GFS Advisors LLC lifted its stake in SPDR S&P Regional Banking ETF by 10.7% in the third quarter. GFS Advisors LLC now owns 8,400 shares of the exchange traded fund’s stock valued at $475,000 after acquiring an additional 810 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at $238,000. Realta Investment Advisors lifted its stake in SPDR S&P Regional Banking ETF by 974.2% in the third quarter. Realta Investment Advisors now owns 10,721 shares of the exchange traded fund’s stock valued at $627,000 after acquiring an additional 9,723 shares during the last quarter. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at $9,870,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock opened at $67.06 on Thursday. The stock has a market cap of $3.58 billion, a P/E ratio of 8.36 and a beta of 1.56. The company has a fifty day moving average price of $57.34 and a two-hundred day moving average price of $53.25. SPDR S&P Regional Banking ETF has a one year low of $40.76 and a one year high of $67.12.

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.