Crews Bank & Trust Takes Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Crews Bank & Trust acquired a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,110 shares of the exchange traded fund’s stock, valued at approximately $188,000.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at about $2,519,000. Truist Financial Corp grew its holdings in SPDR S&P Regional Banking ETF by 0.5% during the second quarter. Truist Financial Corp now owns 199,914 shares of the exchange traded fund’s stock worth $9,816,000 after acquiring an additional 1,006 shares during the period. Sanctuary Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF during the second quarter worth about $2,674,000. Centaurus Financial Inc. raised its position in SPDR S&P Regional Banking ETF by 6.0% during the second quarter. Centaurus Financial Inc. now owns 9,424 shares of the exchange traded fund’s stock valued at $463,000 after acquiring an additional 531 shares in the last quarter. Finally, Delta Financial Group Inc. acquired a new position in SPDR S&P Regional Banking ETF in the third quarter valued at approximately $227,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $64.32 on Friday. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The firm’s 50 day simple moving average is $63.26 and its 200-day simple moving average is $59.60. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25.

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.