Woodmont Investment Counsel LLC Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Woodmont Investment Counsel LLC purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the first quarter, HoldingsChannel.com reports. The fund purchased 1,250 shares of the exchange traded fund’s stock, valued at approximately $63,000.

A number of other hedge funds have also recently made changes to their positions in the stock. SAM Advisors LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 0.4% in the 4th quarter. SAM Advisors LLC now owns 62,176 shares of the exchange traded fund’s stock worth $3,260,000 after purchasing an additional 230 shares in the last quarter. Calton & Associates Inc. lifted its position in SPDR S&P Regional Banking ETF by 0.7% in the 1st quarter. Calton & Associates Inc. now owns 35,637 shares of the exchange traded fund’s stock valued at $1,792,000 after acquiring an additional 249 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in SPDR S&P Regional Banking ETF by 5.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 5,194 shares of the exchange traded fund’s stock valued at $261,000 after acquiring an additional 262 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in SPDR S&P Regional Banking ETF by 11.6% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,744 shares of the exchange traded fund’s stock valued at $144,000 after acquiring an additional 286 shares in the last quarter. Finally, Flputnam Investment Management Co. lifted its position in SPDR S&P Regional Banking ETF by 0.4% in the 4th quarter. Flputnam Investment Management Co. now owns 80,407 shares of the exchange traded fund’s stock valued at $4,216,000 after acquiring an additional 316 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE traded up $0.53 during midday trading on Tuesday, hitting $49.40. 5,926,557 shares of the stock traded hands, compared to its average volume of 13,841,708. The firm has a 50-day moving average of $48.48 and a two-hundred day moving average of $49.12. The firm has a market capitalization of $2.64 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a one year low of $37.66 and a one year high of $54.47.

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.