Narus Financial Partners LLC Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Narus Financial Partners LLC bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,775 shares of the exchange traded fund’s stock, valued at approximately $409,000.

Several other large investors also recently modified their holdings of the stock. Lowe Wealth Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at $25,000. Larson Financial Group LLC bought a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $57,000. Future Financial Wealth Managment LLC purchased a new stake in SPDR S&P Regional Banking ETF during the third quarter valued at about $58,000. Bristlecone Advisors LLC bought a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $68,000. Finally, Armstrong Advisory Group Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 25.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 255 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 1.1 %

KRE opened at $64.32 on Friday. The company has a 50 day moving average of $63.26 and a 200 day moving average of $59.60. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25. The company has a market cap of $3.43 billion, a PE ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF 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.