HBW Advisory Services LLC Takes Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

HBW Advisory Services LLC acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,895 shares of the exchange traded fund’s stock, valued at approximately $390,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $26,000. Clear Point Advisors Inc. purchased a new stake in SPDR S&P Regional Banking ETF in the first quarter valued at approximately $44,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Regional Banking ETF during the second quarter worth $50,000. Family Firm Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF during the second quarter worth $60,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $63,000.

SPDR S&P Regional Banking ETF Trading Up 2.0 %

KRE traded up $1.12 during mid-day trading on Friday, hitting $55.84. 11,242,427 shares of the stock were exchanged, compared to its average volume of 14,257,672. The company has a market cap of $2.98 billion, a PE ratio of 8.36 and a beta of 1.56. The firm’s fifty day moving average is $55.56 and its two-hundred day moving average is $51.50. SPDR S&P Regional Banking ETF has a 1-year low of $37.66 and a 1-year high of $59.59.

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.