Picton Mahoney Asset Management Takes Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Picton Mahoney Asset Management bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,400 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Other institutional investors have also modified their holdings of the company. Gries Financial LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $641,000. Truist Financial Corp grew its position in shares of SPDR S&P Regional Banking ETF by 2.0% in the fourth quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock valued at $11,343,000 after purchasing an additional 3,762 shares during the period. Empowered Funds LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $1,550,000. Jones Financial Companies Lllp grew its position in shares of SPDR S&P Regional Banking ETF by 192.2% in the fourth quarter. Jones Financial Companies Lllp now owns 15,371 shares of the exchange traded fund’s stock valued at $928,000 after purchasing an additional 10,110 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in shares of SPDR S&P Regional Banking ETF by 25.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock valued at $670,000 after purchasing an additional 2,251 shares during the period.

SPDR S&P Regional Banking ETF Trading Up 3.0 %

KRE opened at $56.76 on Monday. The firm has a market capitalization of $3.63 billion, a PE ratio of 12.46 and a beta of 1.09. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The firm’s 50-day moving average price is $61.62 and its 200 day moving average price is $60.95.

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.