Institute for Wealth Management LLC. Buys 450 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Institute for Wealth Management LLC. lifted its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 14,780 shares of the exchange traded fund’s stock after purchasing an additional 450 shares during the period. Institute for Wealth Management LLC.’s holdings in SPDR S&P Regional Banking ETF were worth $892,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Lowe Wealth Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $25,000. Larson Financial Group LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth about $57,000. Future Financial Wealth Managment LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth about $58,000. Bristlecone Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth about $68,000. Finally, Armstrong Advisory Group Inc. lifted its stake in SPDR S&P Regional Banking ETF by 25.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after acquiring an additional 255 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $64.16 on Friday. SPDR S&P Regional Banking ETF has a 1-year low of $45.46 and a 1-year high of $70.25. The company has a 50-day moving average of $63.19 and a 200 day moving average of $59.68. The firm has a market cap of $3.43 billion, a PE ratio of 8.36 and a beta of 1.56.

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.