SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Bought by NTV Asset Management LLC

NTV Asset Management LLC grew its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 142.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,117 shares of the exchange traded fund’s stock after purchasing an additional 35,278 shares during the period. NTV Asset Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $3,152,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of KRE. Alaska Permanent Fund Corp lifted its holdings in SPDR S&P Regional Banking ETF by 86.6% in the third quarter. Alaska Permanent Fund Corp now owns 1,548,840 shares of the exchange traded fund’s stock valued at $64,695,000 after acquiring an additional 718,735 shares during the period. Myriad Asset Management US LP purchased a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at $21,661,000. Wellington Management Group LLP acquired a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $15,272,000. Delta Investment Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $17,880,000. Finally, Factory Mutual Insurance Co. acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $16,190,000.

SPDR S&P Regional Banking ETF Stock Performance

SPDR S&P Regional Banking ETF stock traded up $0.63 during trading on Friday, reaching $49.65. The company had a trading volume of 14,924,949 shares, compared to its average volume of 14,871,739. The firm has a market capitalization of $2.65 billion, a PE ratio of 8.36 and a beta of 1.56. The firm’s 50-day simple moving average is $48.25 and its 200 day simple moving average is $47.72. SPDR S&P Regional Banking ETF has a 1-year low of $34.52 and a 1-year high of $54.47.

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.