Waverly Advisors LLC Has $5.58 Million Stock Position in SPDR S&P Regional Banking ETF $KRE

Waverly Advisors LLC grew its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 883.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,725 shares of the exchange traded fund’s stock after purchasing an additional 77,006 shares during the quarter. Waverly Advisors LLC owned about 0.14% of SPDR S&P Regional Banking ETF worth $5,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Galaxy Digital Inc. bought a new stake in SPDR S&P Regional Banking ETF in the first quarter worth $1,032,000. Renaissance Technologies LLC raised its holdings in SPDR S&P Regional Banking ETF by 21.0% during the first quarter. Renaissance Technologies LLC now owns 141,900 shares of the exchange traded fund’s stock valued at $9,245,000 after buying an additional 24,600 shares in the last quarter. MWA Asset Management bought a new position in SPDR S&P Regional Banking ETF during the first quarter valued at about $46,000. Lido Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 129.2% in the first quarter. Lido Advisors LLC now owns 53,565 shares of the exchange traded fund’s stock worth $3,490,000 after buying an additional 30,194 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of SPDR S&P Regional Banking ETF by 11.6% in the first quarter. Cetera Investment Advisers now owns 272,998 shares of the exchange traded fund’s stock worth $17,786,000 after buying an additional 28,390 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

KRE opened at $76.79 on Wednesday. The company has a market cap of $4.55 billion, a PE ratio of 12.39 and a beta of 0.84. The stock has a 50-day moving average of $73.00 and a 200-day moving average of $69.82. SPDR S&P Regional Banking ETF has a 52-week low of $57.55 and a 52-week high of $78.10.

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.