Future Financial Wealth Managment LLC Invests $154,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Future Financial Wealth Managment LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,059 shares of the exchange traded fund’s stock, valued at approximately $154,000.

Several other institutional investors have also recently added to or reduced their stakes in KRE. Pinnbrook Capital Management LP increased its holdings in shares of SPDR S&P Regional Banking ETF by 111.2% in the fourth quarter. Pinnbrook Capital Management LP now owns 46,912 shares of the exchange traded fund’s stock valued at $2,460,000 after purchasing an additional 466,912 shares during the period. Myriad Asset Management US LP purchased a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth $21,661,000. First Financial Bankshares Inc acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $20,471,000. Wellington Management Group LLP acquired a new position in shares of SPDR S&P Regional Banking ETF during the third quarter worth about $15,272,000. Finally, Delta Investment Management LLC purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $17,880,000.

SPDR S&P Regional Banking ETF Trading Up 1.1 %

Shares of KRE opened at $47.63 on Friday. The stock’s 50 day moving average is $48.43 and its two-hundred day moving average is $49.16. SPDR S&P Regional Banking ETF has a twelve month low of $37.66 and a twelve month high of $54.47. The firm has a market capitalization of $2.54 billion, a PE ratio of 8.36 and a beta of 1.56.

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.