SG Capital Management LLC Makes New $4.38 Million Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SG Capital Management LLC purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 72,539 shares of the exchange traded fund’s stock, valued at approximately $4,378,000.

Several other hedge funds and other institutional investors have also modified their holdings of KRE. MGO One Seven LLC raised its stake in SPDR S&P Regional Banking ETF by 5.1% during the 4th quarter. MGO One Seven LLC now owns 4,178 shares of the exchange traded fund’s stock valued at $252,000 after acquiring an additional 201 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of SPDR S&P Regional Banking ETF by 25.7% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after acquiring an additional 255 shares in the last quarter. Benchmark Investment Advisors LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 1.6% during the 4th quarter. Benchmark Investment Advisors LLC now owns 16,143 shares of the exchange traded fund’s stock worth $974,000 after acquiring an additional 255 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of SPDR S&P Regional Banking ETF by 5.0% during the fourth quarter. Principal Securities Inc. now owns 6,035 shares of the exchange traded fund’s stock valued at $364,000 after purchasing an additional 285 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 2.0% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 18,300 shares of the exchange traded fund’s stock valued at $1,104,000 after purchasing an additional 358 shares during the period.

SPDR S&P Regional Banking ETF Trading Up 0.1%

KRE stock opened at $59.25 on Friday. SPDR S&P Regional Banking ETF has a one year low of $45.76 and a one year high of $70.25. The firm has a 50-day moving average of $54.62 and a two-hundred day moving average of $60.12. The firm has a market capitalization of $3.38 billion, a PE ratio of 12.43 and a beta of 0.89.

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.