Accel Wealth Management Buys New Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Accel Wealth Management purchased a new position in shares of 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 and Exchange Commission. The institutional investor purchased 6,129 shares of the exchange traded fund’s stock, valued at approximately $370,000.

A number of other hedge funds also recently bought and sold shares of KRE. Trust Co. of Toledo NA OH grew 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 buying an additional 193 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in SPDR S&P Regional Banking ETF by 25.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after acquiring an additional 255 shares during the last quarter. SPC Financial Inc. grew its holdings in SPDR S&P Regional Banking ETF by 2.5% during the 3rd quarter. SPC Financial Inc. now owns 12,500 shares of the exchange traded fund’s stock worth $708,000 after acquiring an additional 300 shares in the last quarter. Robinson Value Management Ltd. increased its position in shares of SPDR S&P Regional Banking ETF by 1.3% in the 3rd quarter. Robinson Value Management Ltd. now owns 24,718 shares of the exchange traded fund’s stock valued at $1,399,000 after purchasing an additional 323 shares during the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $25,000.

SPDR S&P Regional Banking ETF Trading Up 0.7 %

Shares of KRE stock opened at $63.33 on Friday. The company has a market cap of $3.38 billion, a P/E ratio of 8.36 and a beta of 1.56. The firm has a fifty day moving average price of $63.39 and a 200 day moving average price of $59.24. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25.

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.