Patten & Patten Inc. TN Acquires 64,864 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Patten & Patten Inc. TN increased its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 79.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 146,100 shares of the exchange traded fund’s stock after purchasing an additional 64,864 shares during the quarter. Patten & Patten Inc. TN’s holdings in SPDR S&P Regional Banking ETF were worth $8,817,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KRE. Sigma Planning Corp bought a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $211,000. Prime Capital Investment Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $565,000. Thrivent Financial for Lutherans increased its stake in SPDR S&P Regional Banking ETF by 98.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,464 shares of the exchange traded fund’s stock worth $819,000 after purchasing an additional 7,172 shares in the last quarter. Prospera Financial Services Inc increased its stake in SPDR S&P Regional Banking ETF by 12.2% during the 3rd quarter. Prospera Financial Services Inc now owns 8,898 shares of the exchange traded fund’s stock worth $504,000 after purchasing an additional 969 shares in the last quarter. Finally, Etfidea LLC boosted its position in SPDR S&P Regional Banking ETF by 25.8% during the 3rd quarter. Etfidea LLC now owns 9,029 shares of the exchange traded fund’s stock worth $511,000 after acquiring an additional 1,851 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Up 3.0 %

NYSEARCA:KRE opened at $56.76 on Friday. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The business has a 50 day moving average price of $61.62 and a two-hundred day moving average price of $60.93. The company has a market cap of $3.63 billion, a P/E ratio of 12.46 and a beta of 1.09.

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.