SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Position Raised by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. raised its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 25.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,246 shares of the exchange traded fund’s stock after acquiring an additional 255 shares during the period. Armstrong Advisory Group Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $75,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Rockingstone Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth $238,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of SPDR S&P Regional Banking ETF by 156.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,405 shares of the exchange traded fund’s stock worth $326,000 after purchasing an additional 3,300 shares during the period. Grandview Asset Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at $1,630,000. FNY Investment Advisers LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $353,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $234,000.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock opened at $62.14 on Friday. 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 company has a market cap of $3.32 billion, a P/E ratio of 8.36 and a beta of 1.56. The firm’s 50 day simple moving average is $63.74 and its 200-day simple moving average is $58.63.

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.