Alexander Labrunerie & CO. Inc. Invests $374,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Alexander Labrunerie & CO. Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 6,571 shares of the exchange traded fund’s stock, valued at approximately $374,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. raised its position in shares of SPDR S&P Regional Banking ETF by 15.6% in the 1st quarter. Cullen Frost Bankers Inc. now owns 167,079 shares of the exchange traded fund’s stock worth $9,498,000 after acquiring an additional 22,501 shares in the last quarter. CWM LLC increased its position in SPDR S&P Regional Banking ETF by 13.9% during the 1st quarter. CWM LLC now owns 2,044 shares of the exchange traded fund’s stock valued at $116,000 after buying an additional 250 shares in the last quarter. Narus Financial Partners LLC increased its position in SPDR S&P Regional Banking ETF by 26.5% during the 1st quarter. Narus Financial Partners LLC now owns 8,570 shares of the exchange traded fund’s stock valued at $487,000 after buying an additional 1,795 shares in the last quarter. Capital Insight Partners LLC acquired a new position in SPDR S&P Regional Banking ETF during the 1st quarter valued at about $2,619,000. Finally, Stratos Wealth Partners LTD. increased its position in SPDR S&P Regional Banking ETF by 22.6% during the 1st quarter. Stratos Wealth Partners LTD. now owns 6,607 shares of the exchange traded fund’s stock valued at $376,000 after buying an additional 1,217 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $63.63 on Friday. The business’s 50-day moving average is $59.02 and its 200 day moving average is $58.54. The firm has a market capitalization of $3.57 billion, a P/E ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $70.25.

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.