Ocean Park Asset Management LLC Has $16.70 Million Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Ocean Park Asset Management LLC raised its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 33.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 276,744 shares of the exchange traded fund’s stock after buying an additional 68,641 shares during the period. SPDR S&P Regional Banking ETF comprises about 0.6% of Ocean Park Asset Management LLC’s portfolio, making the stock its 28th biggest position. Ocean Park Asset Management LLC owned 0.52% of SPDR S&P Regional Banking ETF worth $16,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lowe Wealth Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $32,000. Larson Financial Group LLC acquired a new position in SPDR S&P Regional Banking ETF in the third quarter valued at approximately $57,000. New Wave Wealth Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $67,000. Finally, Bristlecone Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at $68,000.

SPDR S&P Regional Banking ETF Trading Down 1.2 %

NYSEARCA:KRE opened at $63.88 on Tuesday. The firm has a fifty day simple moving average of $62.75 and a two-hundred day simple moving average of $60.03. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. 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.