Arete Wealth Advisors LLC Acquires Shares of 3,867 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Arete Wealth Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,867 shares of the exchange traded fund’s stock, valued at approximately $233,000.

A number of other institutional investors also recently modified their holdings of KRE. Gries Financial LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $641,000. Truist Financial Corp raised its holdings in SPDR S&P Regional Banking ETF by 2.0% in the 4th quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock valued at $11,343,000 after acquiring an additional 3,762 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $1,550,000. Jones Financial Companies Lllp grew its holdings in shares of SPDR S&P Regional Banking ETF by 192.2% during the 4th quarter. Jones Financial Companies Lllp now owns 15,371 shares of the exchange traded fund’s stock worth $928,000 after purchasing an additional 10,110 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of SPDR S&P Regional Banking ETF by 25.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 2,251 shares during the period.

SPDR S&P Regional Banking ETF Stock Down 4.0 %

KRE opened at $49.26 on Monday. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.74 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. The company has a 50-day simple moving average of $60.07 and a 200 day simple moving average of $60.98.

SPDR S&P Regional Banking ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a $0.3782 dividend. The ex-dividend date was Monday, March 24th.

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.