Friedenthal Financial Invests $120,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Friedenthal Financial bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,114 shares of the exchange traded fund’s stock, valued at approximately $120,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global Assets Advisory LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at about $627,000. Silver Lake Advisory LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $229,000. One Capital Management LLC raised its holdings 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 valued at $9,345,000 after purchasing an additional 17,031 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 10.1% during 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 last quarter. Finally, Capstone Investment Advisors LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 49.3% during the first quarter. Capstone Investment Advisors LLC now owns 466,717 shares of the exchange traded fund’s stock worth $23,467,000 after purchasing an additional 154,089 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $59.64 on Friday. The firm has a market capitalization of $3.18 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 12 month low of $37.66 and a 12 month high of $60.61. The business’s fifty day moving average price is $56.20 and its 200 day moving average price is $52.12.

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.