Cascade Financial Partners LLC Increases Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Cascade Financial Partners LLC lifted its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 7.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,878 shares of the exchange traded fund’s stock after buying an additional 400 shares during the period. Cascade Financial Partners LLC’s holdings in SPDR S&P Regional Banking ETF were worth $355,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EP Wealth Advisors LLC raised its position in shares of SPDR S&P Regional Banking ETF by 1,910.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock worth $25,461,000 after purchasing an additional 427,473 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth $21,759,000. Holocene Advisors LP boosted its position in SPDR S&P Regional Banking ETF by 142.6% during the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after purchasing an additional 311,147 shares during the period. DAVENPORT & Co LLC purchased a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth $14,868,000. Finally, Quadrature Capital Ltd purchased a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth $13,938,000.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $55.11 on Wednesday. SPDR S&P Regional Banking ETF has a 1-year low of $45.46 and a 1-year high of $70.25. The firm has a 50-day moving average of $61.88 and a two-hundred day moving average of $60.98. The stock has a market cap of $4.21 billion, a P/E ratio of 13.97 and a beta of 1.11.

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.