Madison Wealth Partners Inc Makes New $359,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Madison Wealth Partners Inc purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,843 shares of the exchange traded fund’s stock, valued at approximately $359,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Founders Financial Alliance LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $52,000. Vestor Capital LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $54,000. Allworth Financial LP grew its holdings in shares of SPDR S&P Regional Banking ETF by 219.5% in the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 900 shares during the period. Western Pacific Wealth Management LP grew its holdings in shares of SPDR S&P Regional Banking ETF by 105.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,849 shares of the exchange traded fund’s stock valued at $97,000 after buying an additional 949 shares during the period. Finally, Naples Money Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $104,000.

SPDR S&P Regional Banking ETF Trading Down 1.3 %

Shares of KRE stock traded down $0.59 on Friday, hitting $46.12. The stock had a trading volume of 12,054,364 shares, compared to its average volume of 14,073,140. SPDR S&P Regional Banking ETF has a twelve month low of $37.66 and a twelve month high of $54.47. The firm has a market cap of $2.46 billion, a P/E ratio of 8.36 and a beta of 1.56. The company has a fifty day moving average price of $48.44 and a two-hundred day moving average price of $49.14.

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.