Total Clarity Wealth Management Inc. Takes Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Total Clarity Wealth Management Inc. acquired a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,925 shares of the exchange traded fund’s stock, valued at approximately $782,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRE. Symmetry Investments LP purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $13,658,000. Cibc World Markets Corp acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth $5,662,000. Lighthouse Investment Partners LLC increased its position in shares of SPDR S&P Regional Banking ETF by 5.4% in the 4th quarter. Lighthouse Investment Partners LLC now owns 117,742 shares of the exchange traded fund’s stock worth $6,173,000 after purchasing an additional 6,046 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter worth about $627,000. Finally, Meridian Wealth Management LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 14.2% in the 4th quarter. Meridian Wealth Management LLC now owns 5,698 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 707 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA:KRE opened at $55.82 on Monday. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a one year low of $37.66 and a one year high of $59.59. The stock has a 50-day simple moving average of $55.04 and a 200 day simple moving average of $50.73.

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.