Grandview Asset Management LLC Purchases New Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Grandview Asset Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,015 shares of the exchange traded fund’s stock, valued at approximately $1,630,000. Grandview Asset Management LLC owned about 0.05% of SPDR S&P Regional Banking ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH increased its position in shares of 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 valued at $259,000 after purchasing an additional 193 shares during the last quarter. SPC Financial Inc. raised its stake in shares of 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 valued at $708,000 after acquiring an additional 300 shares during the period. Robinson Value Management Ltd. lifted its holdings in shares of SPDR S&P Regional Banking ETF by 1.3% in 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 during the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $25,000. Finally, Citizens Financial Group Inc. RI grew its holdings 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 last quarter.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock opened at $59.18 on Tuesday. SPDR S&P Regional Banking ETF has a 1-year low of $45.46 and a 1-year high of $70.25. The company’s 50-day moving average is $63.81 and its 200 day moving average is $58.41. The firm has a market capitalization of $3.16 billion, a P/E 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.