1,108 Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,108 shares of the exchange traded fund’s stock, valued at approximately $67,000.

Several other hedge funds have also bought and sold shares of the stock. Lowe Wealth Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $25,000. Larson Financial Group LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $57,000. Future Financial Wealth Managment LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth about $58,000. Bristlecone Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $68,000. Finally, Armstrong Advisory Group Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 25.7% in 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.

SPDR S&P Regional Banking ETF Trading Down 0.2 %

NYSEARCA KRE opened at $64.16 on Friday. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The stock has a 50-day moving average of $63.19 and a 200 day moving average of $59.68. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25.

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.