Oak Harvest Investment Services Acquires 61,088 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Oak Harvest Investment Services raised its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 57.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,618 shares of the exchange traded fund’s stock after acquiring an additional 61,088 shares during the quarter. SPDR S&P Regional Banking ETF comprises approximately 1.4% of Oak Harvest Investment Services’ portfolio, making the stock its 19th biggest holding. Oak Harvest Investment Services’ holdings in SPDR S&P Regional Banking ETF were worth $10,055,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KRE. EP Wealth Advisors LLC grew its position in shares of SPDR S&P Regional Banking ETF by 1,910.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock valued at $25,461,000 after purchasing an additional 427,473 shares in the last quarter. SMI Advisory Services LLC purchased a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $20,777,000. Holocene Advisors LP increased its stake in SPDR S&P Regional Banking ETF by 142.6% in the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after acquiring an additional 311,147 shares during the last quarter. Parcion Private Wealth LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $14,189,000. Finally, Quadrature Capital Ltd bought a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $13,938,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE opened at $64.32 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 market capitalization of $3.43 billion, a P/E 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 Company 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.