Blue Sky Capital Consultants Group Inc. Acquires Shares of 3,672 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Blue Sky Capital Consultants Group Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,672 shares of the exchange traded fund’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GTS Securities LLC grew its stake in SPDR S&P Regional Banking ETF by 106.4% in the fourth quarter. GTS Securities LLC now owns 22,223 shares of the exchange traded fund’s stock worth $1,341,000 after purchasing an additional 368,680 shares during the period. Fourth Dimension Wealth LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $70,000. Pinnacle Wealth Management LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $2,190,000. RB Capital Management LLC purchased a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth about $206,000. Finally, Castleark Management LLC bought a new position in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $8,147,000.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE opened at $56.40 on Friday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.43 and a beta of 0.89. The business’s fifty day moving average price is $54.82 and its 200-day moving average price is $60.07. SPDR S&P Regional Banking ETF has a 1-year low of $45.76 and a 1-year high of $70.25.

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.