Kolinsky Wealth Management LLC Takes Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Kolinsky Wealth Management LLC purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,807 shares of the exchange traded fund’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRE. Farther Finance Advisors LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 4.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,641 shares of the exchange traded fund’s stock worth $276,000 after buying an additional 251 shares during the period. SPC Financial Inc. lifted its stake in SPDR S&P Regional Banking ETF by 2.5% in the third quarter. SPC Financial Inc. now owns 12,500 shares of the exchange traded fund’s stock worth $708,000 after acquiring an additional 300 shares during the period. Robinson Value Management Ltd. grew its holdings in SPDR S&P Regional Banking ETF by 1.3% during the 3rd quarter. Robinson Value Management Ltd. now owns 24,718 shares of the exchange traded fund’s stock worth $1,399,000 after acquiring an additional 323 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in SPDR S&P Regional Banking ETF by 2.3% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 18,619 shares of the exchange traded fund’s stock valued at $914,000 after purchasing an additional 427 shares during the period. Finally, Centaurus Financial Inc. increased its position in SPDR S&P Regional Banking ETF by 4.6% during the 3rd quarter. Centaurus Financial Inc. now owns 9,856 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 432 shares during the period.

SPDR S&P Regional Banking ETF Trading Down 0.3 %

Shares of NYSEARCA KRE opened at $67.73 on Friday. SPDR S&P Regional Banking ETF has a 12-month low of $44.65 and a 12-month high of $70.25. The stock’s fifty day simple moving average is $60.59 and its two-hundred day simple moving average is $55.16. The stock has a market capitalization of $3.62 billion, a PE ratio of 8.36 and a beta of 1.56.

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.