Larry Mathis Financial Planning LLC Buys New Holdings in SPDR S&P Regional Banking ETF $KRE

Larry Mathis Financial Planning LLC acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,513 shares of the exchange traded fund’s stock, valued at approximately $1,286,000. SPDR S&P Regional Banking ETF makes up 1.1% of Larry Mathis Financial Planning LLC’s investment portfolio, making the stock its 15th biggest position.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of SPDR S&P Regional Banking ETF by 17.3% during the first quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock worth $147,640,000 after purchasing an additional 333,799 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in SPDR S&P Regional Banking ETF in the first quarter valued at $83,392,000. IMC Chicago LLC raised its stake in SPDR S&P Regional Banking ETF by 164.2% in the second quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock valued at $42,552,000 after buying an additional 353,319 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in SPDR S&P Regional Banking ETF in the second quarter valued at $33,267,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of SPDR S&P Regional Banking ETF by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 272,354 shares of the exchange traded fund’s stock worth $20,386,000 after acquiring an additional 14,637 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

KRE opened at $72.73 on Tuesday. SPDR S&P Regional Banking ETF has a one year low of $58.20 and a one year high of $78.35. The company has a market cap of $4.38 billion, a P/E ratio of 12.39 and a beta of 0.87. The business’s 50-day simple moving average is $72.26 and its 200-day simple moving average is $70.86.

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.