Picton Mahoney Asset Management Purchases New Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Picton Mahoney Asset Management purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,400 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Several other hedge funds have also recently bought and sold shares of the business. Trust Co. of Toledo NA OH lifted its position in shares of SPDR S&P Regional Banking ETF by 4.7% during the fourth quarter. Trust Co. of Toledo NA OH now owns 4,299 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 193 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of SPDR S&P Regional Banking ETF by 25.7% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 255 shares in the last quarter. Principal Securities Inc. lifted its position in shares of SPDR S&P Regional Banking ETF by 5.0% during the fourth quarter. Principal Securities Inc. now owns 6,035 shares of the exchange traded fund’s stock worth $364,000 after purchasing an additional 285 shares in the last quarter. Joseph P. Lucia & Associates LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 2.0% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 18,300 shares of the exchange traded fund’s stock worth $1,104,000 after purchasing an additional 358 shares in the last quarter. Finally, Cascade Financial Partners LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 7.3% during the fourth quarter. Cascade Financial Partners LLC now owns 5,878 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 400 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 3.0 %

NYSEARCA KRE opened at $56.76 on Monday. The company’s fifty day simple moving average is $61.62 and its 200-day simple moving average is $60.95. SPDR S&P Regional Banking ETF has a 52 week low of $45.46 and a 52 week high of $70.25. The stock 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 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.