GM Advisory Group LLC Raises Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

GM Advisory Group LLC increased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 6.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,205 shares of the exchange traded fund’s stock after purchasing an additional 450 shares during the period. GM Advisory Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gries Financial LLC bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $641,000. Truist Financial Corp increased its position in SPDR S&P Regional Banking ETF by 2.0% in the fourth quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock worth $11,343,000 after purchasing an additional 3,762 shares during the last quarter. Empowered Funds LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at $1,550,000. Jones Financial Companies Lllp lifted its position in SPDR S&P Regional Banking ETF by 192.2% during the fourth quarter. Jones Financial Companies Lllp now owns 15,371 shares of the exchange traded fund’s stock valued at $928,000 after purchasing an additional 10,110 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in SPDR S&P Regional Banking ETF by 25.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock valued at $670,000 after purchasing an additional 2,251 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Up 1.2 %

SPDR S&P Regional Banking ETF stock opened at $57.68 on Thursday. The company’s 50-day moving average price is $61.44 and its 200-day moving average price is $60.92. The company has a market cap of $3.69 billion, a PE ratio of 12.46 and a beta of 1.09. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25.

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.