Retirement Planning Co of New England Inc. Acquires 392 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Retirement Planning Co of New England Inc. grew its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,651 shares of the exchange traded fund’s stock after purchasing an additional 392 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $334,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KRE. Transcendent Capital Group LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $26,000. Founders Financial Alliance LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $52,000. Vestor Capital LLC purchased a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $54,000. ICA Group Wealth Management LLC acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $59,000. Finally, Woodmont Investment Counsel LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $63,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE stock traded up $0.12 on Friday, reaching $52.09. 18,596,022 shares of the company were exchanged, compared to its average volume of 13,928,238. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 1 year low of $37.66 and a 1 year high of $54.47. The business has a 50-day moving average price of $48.67 and a 200 day moving average price of $48.99.

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.