Cercano Management LLC Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Cercano Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 75,718 shares of the exchange traded fund’s stock, valued at approximately $4,570,000.

A number of other hedge funds have also modified their holdings of KRE. Trust Co. of Toledo NA OH lifted its stake in shares of SPDR S&P Regional Banking ETF by 4.7% during the 4th quarter. Trust Co. of Toledo NA OH now owns 4,299 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 193 shares in the last quarter. MGO One Seven LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 5.1% in the fourth quarter. MGO One Seven LLC now owns 4,178 shares of the exchange traded fund’s stock valued at $252,000 after acquiring an additional 201 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of 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 period. Benchmark Investment Advisors LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 1.6% in the fourth quarter. Benchmark Investment Advisors LLC now owns 16,143 shares of the exchange traded fund’s stock worth $974,000 after acquiring an additional 255 shares during the period. Finally, Principal Securities Inc. grew 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.

SPDR S&P Regional Banking ETF Trading Down 0.4 %

NYSEARCA KRE opened at $56.04 on Tuesday. SPDR S&P Regional Banking ETF has a 12 month low of $45.76 and a 12 month high of $70.25. The stock has a market cap of $3.27 billion, a PE ratio of 11.38 and a beta of 0.93. The stock’s 50 day moving average is $54.86 and its 200 day moving average is $60.19.

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.