Kovitz Investment Group Partners LLC Purchases Shares of 5,523 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Kovitz Investment Group Partners LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 5,523 shares of the exchange traded fund’s stock, valued at approximately $304,000.

Other institutional investors have also added to or reduced their stakes in the company. Silver Lake Advisory LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter worth about $229,000. One Capital Management LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 9.8% in the 2nd quarter. One Capital Management LLC now owns 190,334 shares of the exchange traded fund’s stock worth $9,345,000 after purchasing an additional 17,031 shares during the period. Private Advisor Group LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 10.1% in the 2nd quarter. Private Advisor Group LLC now owns 16,528 shares of the exchange traded fund’s stock worth $812,000 after purchasing an additional 1,520 shares during the period. Savant Capital LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 10.0% in the 2nd quarter. Savant Capital LLC now owns 10,992 shares of the exchange traded fund’s stock worth $540,000 after purchasing an additional 1,000 shares during the period. Finally, Toth Financial Advisory Corp lifted its position in shares of SPDR S&P Regional Banking ETF by 20.3% in the 3rd quarter. Toth Financial Advisory Corp now owns 4,270 shares of the exchange traded fund’s stock worth $242,000 after purchasing an additional 721 shares during the period.

SPDR S&P Regional Banking ETF Trading Down 0.4 %

NYSEARCA:KRE opened at $64.77 on Friday. The company has a 50-day moving average price of $62.86 and a 200-day moving average price of $56.38. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

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.