SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Purchased by Chicago Wealth Management Inc.

Chicago Wealth Management Inc. raised its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,690 shares of the exchange traded fund’s stock after acquiring an additional 17,291 shares during the quarter. SPDR S&P Regional Banking ETF comprises approximately 5.6% of Chicago Wealth Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Chicago Wealth Management Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $10,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRE. Lowe Wealth Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth about $26,000. Valley Wealth Managers Inc. increased its position in SPDR S&P Regional Banking ETF by 22,750.0% in the fourth quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 455 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $32,000. Finally, Larson Financial Group LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth $57,000.

SPDR S&P Regional Banking ETF Stock Down 0.5 %

Shares of SPDR S&P Regional Banking ETF stock opened at $55.11 on Wednesday. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25. The business has a fifty day simple moving average of $61.88 and a 200 day simple moving average of $60.98. The stock has a market cap of $4.21 billion, a PE ratio of 13.97 and a beta of 1.11.

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.