Parkside Investments LLC Increases Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Parkside Investments LLC raised its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 113,740 shares of the exchange traded fund’s stock after purchasing an additional 485 shares during the period. Parkside Investments LLC’s holdings in SPDR S&P Regional Banking ETF were worth $6,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Toledo NA OH raised its holdings in shares of SPDR S&P Regional Banking ETF by 4.7% in the fourth quarter. Trust Co. of Toledo NA OH now owns 4,299 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 193 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake 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 valued at $75,000 after buying an additional 255 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 worth $708,000 after acquiring an additional 300 shares during the period. Robinson Value Management Ltd. boosted its holdings in shares of SPDR S&P Regional Banking ETF by 1.3% in the third quarter. Robinson Value Management Ltd. now owns 24,718 shares of the exchange traded fund’s stock valued at $1,399,000 after acquiring an additional 323 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $25,000.

SPDR S&P Regional Banking ETF Trading Up 0.7 %

Shares of KRE opened at $63.33 on Monday. The stock’s 50 day moving average is $63.39 and its two-hundred day moving average is $59.38. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The firm has a market capitalization of $3.38 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.