IPG Investment Advisors LLC Takes $222,000 Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

IPG Investment Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,676 shares of the exchange traded fund’s stock, valued at approximately $222,000.

Other institutional investors have also modified their holdings of the company. Lowe Wealth Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $26,000. Valley Wealth Managers Inc. raised its holdings in shares of SPDR S&P Regional Banking ETF by 22,750.0% in the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 455 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $32,000. Finally, Lee Danner & Bass Inc. bought a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth approximately $54,000.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $56.41 on Monday. SPDR S&P Regional Banking ETF has a 1 year low of $45.46 and a 1 year high of $70.25. The business’s fifty day moving average is $60.97 and its two-hundred day moving average is $61.05. The stock has a market capitalization of $3.61 billion, a P/E ratio of 12.46 and a beta of 1.09.

SPDR S&P Regional Banking ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.3782 per share. The ex-dividend date was Monday, March 24th.

SPDR S&P Regional Banking ETF Company 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.