Miracle Mile Advisors LLC Boosts Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Miracle Mile Advisors LLC raised its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 46.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,282 shares of the exchange traded fund’s stock after buying an additional 2,000 shares during the quarter. Miracle Mile Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KRE. HBW Advisory Services LLC purchased a new stake in SPDR S&P Regional Banking ETF during the third quarter valued at approximately $390,000. Delta Financial Group Inc. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at $227,000. Centaurus Financial Inc. boosted its position in shares of SPDR S&P Regional Banking ETF by 6.0% in the 2nd quarter. Centaurus Financial Inc. now owns 9,424 shares of the exchange traded fund’s stock worth $463,000 after purchasing an additional 531 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF during the 2nd quarter worth $2,674,000. Finally, SPC Financial Inc. increased its position in SPDR S&P Regional Banking ETF by 5.0% during the 2nd quarter. SPC Financial Inc. now owns 12,200 shares of the exchange traded fund’s stock valued at $599,000 after buying an additional 580 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE opened at $55.42 on Wednesday. SPDR S&P Regional Banking ETF has a fifty-two week low of $37.66 and a fifty-two week high of $59.59. The company has a market cap of $2.96 billion, a PE ratio of 8.36 and a beta of 1.56. The business has a 50-day simple moving average of $55.45 and a two-hundred day simple moving average of $51.64.

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.