Empowered Funds LLC Makes New $1.55 Million Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Empowered Funds LLC purchased a new position in shares of 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 purchased 25,691 shares of the exchange traded fund’s stock, valued at approximately $1,550,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Gries Financial LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $641,000. Wealthcare Advisory Partners LLC increased its stake 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 in the last quarter. CENTRAL TRUST Co increased its stake in shares of SPDR S&P Regional Banking ETF by 28.6% in the 4th quarter. CENTRAL TRUST Co now owns 1,923 shares of the exchange traded fund’s stock valued at $116,000 after acquiring an additional 428 shares in the last quarter. Toth Financial Advisory Corp increased its stake in shares of SPDR S&P Regional Banking ETF by 20.3% in the 3rd quarter. Toth Financial Advisory Corp now owns 4,270 shares of the exchange traded fund’s stock valued at $242,000 after acquiring an additional 721 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in shares of SPDR S&P Regional Banking ETF by 5.2% in the 3rd quarter. Stephens Inc. AR now owns 25,767 shares of the exchange traded fund’s stock valued at $1,458,000 after acquiring an additional 1,270 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 0.3 %

NYSEARCA KRE opened at $63.89 on Friday. The company has a fifty day simple moving average of $62.54 and a 200 day simple moving average of $60.18. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25. The company has a market cap of $3.41 billion, a P/E ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF 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.