Magnus Financial Group LLC Makes New $256,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Magnus Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,238 shares of the exchange traded fund’s stock, valued at approximately $256,000.

Other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank boosted its holdings in shares of SPDR S&P Regional Banking ETF by 195.9% in the second quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock valued at $37,046,000 after acquiring an additional 499,500 shares in the last quarter. EP Wealth Advisors LLC lifted its position in SPDR S&P Regional Banking ETF by 1,910.8% in the third quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock worth $25,461,000 after purchasing an additional 427,473 shares during the period. SMI Advisory Services LLC bought a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at $20,777,000. Holocene Advisors LP increased its position in shares of 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 valued at $29,963,000 after purchasing an additional 311,147 shares during the period. Finally, Parcion Private Wealth LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at $14,189,000.

SPDR S&P Regional Banking ETF Stock Down 1.2 %

Shares of SPDR S&P Regional Banking ETF stock opened at $63.09 on Thursday. The business has a fifty day simple moving average of $63.50 and a 200-day simple moving average of $59.10. 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 firm has a market cap of $3.37 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

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.