Valley National Advisers Inc. Acquires 1,718 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Valley National Advisers Inc. raised its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 135.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,982 shares of the exchange traded fund’s stock after buying an additional 1,718 shares during the period. Valley National Advisers Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KRE. EP Wealth Advisors LLC lifted its position in SPDR S&P Regional Banking ETF by 1,910.8% during the third quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock worth $25,461,000 after acquiring an additional 427,473 shares during the last quarter. SMI Advisory Services LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $20,777,000. Holocene Advisors LP boosted its stake in SPDR S&P Regional Banking ETF by 142.6% in 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. Parcion Private Wealth LLC acquired a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $14,189,000. Finally, DAVENPORT & Co LLC bought a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth $14,868,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $64.16 on Monday. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25. The stock has a market cap of $3.43 billion, a PE ratio of 8.36 and a beta of 1.56. The firm has a 50-day moving average of $63.19 and a 200-day moving average of $59.72.

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.