Connective Portfolio Management LLC Acquires Shares of 16,000 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Connective Portfolio Management LLC acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, Holdings Channel.com reports. The fund acquired 16,000 shares of the exchange traded fund’s stock, valued at approximately $966,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. D. Scott Neal Inc. bought a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $6,488,000. Armstrong Advisory Group Inc. increased its stake in 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 in the last quarter. Rockingstone Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at about $238,000. Thurston Springer Miller Herd & Titak Inc. raised its position in SPDR S&P Regional Banking ETF by 156.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,405 shares of the exchange traded fund’s stock valued at $326,000 after buying an additional 3,300 shares during the last quarter. Finally, Grandview Asset Management LLC purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $1,630,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE stock opened at $62.73 on Thursday. The firm’s 50-day simple moving average is $63.79 and its two-hundred day simple moving average is $58.60. SPDR S&P Regional Banking ETF has a 52 week low of $45.46 and a 52 week high of $70.25. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

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.