Gries Financial LLC Buys Shares of 10,615 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Gries Financial LLC acquired a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,615 shares of the exchange traded fund’s stock, valued at approximately $641,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $25,000. Larson Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $57,000. Future Financial Wealth Managment LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $58,000. Bristlecone Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF in the 3rd quarter worth about $68,000. Finally, Armstrong Advisory Group Inc. raised its holdings in SPDR S&P Regional Banking ETF by 25.7% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 255 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $63.61 on Thursday. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The stock has a 50 day moving average of $63.30 and a 200 day moving average of $59.57. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF 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.