Arete Wealth Advisors LLC Invests $233,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Arete Wealth Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,867 shares of the exchange traded fund’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KRE. Gries Financial LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $641,000. Truist Financial Corp increased its holdings in SPDR S&P Regional Banking ETF by 2.0% during the fourth quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock worth $11,343,000 after buying an additional 3,762 shares during the last quarter. Empowered Funds LLC bought a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth $1,550,000. Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 10,110 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of SPDR S&P Regional Banking ETF by 25.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock valued at $670,000 after acquiring an additional 2,251 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock opened at $49.26 on Monday. 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 firm has a market capitalization of $2.93 billion, a PE ratio of 12.74 and a beta of 1.09. The company’s 50-day moving average is $60.07 and its 200-day moving average is $60.98.

SPDR S&P Regional Banking ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a $0.3782 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.