Robinson Value Management Ltd. Purchases 323 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Robinson Value Management Ltd. increased its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,718 shares of the exchange traded fund’s stock after buying an additional 323 shares during the period. Robinson Value Management Ltd.’s holdings in SPDR S&P Regional Banking ETF were worth $1,399,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Raymond James & Associates grew its position in shares of SPDR S&P Regional Banking ETF by 16.2% in the 3rd quarter. Raymond James & Associates now owns 193,571 shares of the exchange traded fund’s stock worth $10,956,000 after buying an additional 27,018 shares during the last quarter. Friedenthal Financial acquired a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at $120,000. Global Retirement Partners LLC lifted its stake in shares of SPDR S&P Regional Banking ETF by 18.8% in the 3rd quarter. Global Retirement Partners LLC now owns 12,059 shares of the exchange traded fund’s stock valued at $683,000 after purchasing an additional 1,910 shares during the period. SPC Financial Inc. lifted its stake in shares of SPDR S&P Regional Banking ETF by 2.5% in the 3rd quarter. SPC Financial Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $708,000 after purchasing an additional 300 shares during the period. Finally, CX Institutional lifted its stake in shares of SPDR S&P Regional Banking ETF by 6.7% in the 3rd quarter. CX Institutional now owns 121,145 shares of the exchange traded fund’s stock valued at $6,857,000 after purchasing an additional 7,589 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE traded down $1.39 during mid-day trading on Monday, reaching $58.25. The company’s stock had a trading volume of 8,823,081 shares, compared to its average volume of 14,182,065. SPDR S&P Regional Banking ETF has a 1-year low of $37.66 and a 1-year high of $60.61. The stock has a market capitalization of $3.11 billion, a P/E ratio of 8.36 and a beta of 1.56. The stock has a 50-day moving average of $56.20 and a two-hundred day moving average of $52.17.

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.