Holderness Investments Co. Makes New $249,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Holderness Investments Co. bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, Holdings Channel.com reports. The firm bought 4,125 shares of the exchange traded fund’s stock, valued at approximately $249,000.

A number of other institutional investors have also added to or reduced their stakes in KRE. Lowe Wealth Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth $26,000. Valley Wealth Managers Inc. boosted its position in SPDR S&P Regional Banking ETF by 22,750.0% during the fourth quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 455 shares during the period. Heck Capital Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $32,000. Finally, Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $57,000.

SPDR S&P Regional Banking ETF Trading Down 0.1 %

NYSEARCA KRE opened at $57.26 on Friday. The stock has a 50-day moving average of $61.36 and a 200-day moving average of $60.89. 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 market cap of $3.66 billion, a PE ratio of 12.46 and a beta of 1.09.

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.