Lansing Street Advisors Purchases New Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Lansing Street Advisors purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,296 shares of the exchange traded fund’s stock, valued at approximately $380,000.

Other hedge funds have also made changes to their positions in the company. Gries Financial LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $641,000. Truist Financial Corp lifted its position in SPDR S&P Regional Banking ETF by 2.0% in the 4th quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock worth $11,343,000 after buying an additional 3,762 shares in the last quarter. Empowered Funds LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $1,550,000. Wealthcare Advisory Partners LLC lifted its position in SPDR S&P Regional Banking ETF by 25.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock worth $670,000 after buying an additional 2,251 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in SPDR S&P Regional Banking ETF by 28.6% in the 4th quarter. CENTRAL TRUST Co now owns 1,923 shares of the exchange traded fund’s stock worth $116,000 after buying an additional 428 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Down 2.6 %

KRE stock opened at $61.42 on Friday. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The company has a 50 day moving average of $62.35 and a two-hundred day moving average of $60.49.

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.