Independent Advisor Alliance Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Independent Advisor Alliance bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,638 shares of the exchange traded fund’s stock, valued at approximately $823,000.

A number of other large investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH lifted its holdings in SPDR S&P Regional Banking ETF by 4.7% during the 4th quarter. Trust Co. of Toledo NA OH now owns 4,299 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 193 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of SPDR S&P Regional Banking ETF by 25.7% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 255 shares during the period. Principal Securities Inc. increased its position in shares of SPDR S&P Regional Banking ETF by 5.0% during the 4th quarter. Principal Securities Inc. now owns 6,035 shares of the exchange traded fund’s stock valued at $364,000 after purchasing an additional 285 shares during the period. Joseph P. Lucia & Associates LLC increased its position in shares of SPDR S&P Regional Banking ETF by 2.0% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 18,300 shares of the exchange traded fund’s stock valued at $1,104,000 after purchasing an additional 358 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $25,000.

SPDR S&P Regional Banking ETF Stock Up 3.0 %

Shares of NYSEARCA KRE opened at $56.76 on Friday. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 12.46 and a beta of 1.09. The stock’s fifty day simple moving average is $61.62 and its 200 day simple moving average is $60.93. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week 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.