Custom Index Systems LLC Invests $412,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Custom Index Systems LLC bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,835 shares of the exchange traded fund’s stock, valued at approximately $412,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Holocene Advisors LP grew its stake in shares of SPDR S&P Regional Banking ETF by 142.6% during the third quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after acquiring an additional 311,147 shares during the last quarter. EP Wealth Advisors LLC grew its position in SPDR S&P Regional Banking ETF by 1,910.8% during the 3rd 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 last quarter. SMI Advisory Services LLC acquired a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at approximately $20,777,000. Goodman Financial Corp raised its holdings in shares of SPDR S&P Regional Banking ETF by 0.6% in the third quarter. Goodman Financial Corp now owns 371,371 shares of the exchange traded fund’s stock worth $21,019,000 after buying an additional 2,159 shares during the last quarter. Finally, Parcion Private Wealth LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth $14,189,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE opened at $64.16 on Friday. The company’s fifty day moving average price is $63.19 and its 200-day moving average price is $59.68. SPDR S&P Regional Banking ETF has a 1-year low of $45.46 and a 1-year high of $70.25. The firm has a market capitalization of $3.43 billion, a PE ratio of 8.36 and a beta of 1.56.

About SPDR S&P Regional Banking ETF

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.