Alpha Cubed Investments LLC Acquires New Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Alpha Cubed Investments LLC bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,160 shares of the exchange traded fund’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Simplex Trading LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in SPDR S&P Regional Banking ETF during the third quarter valued at approximately $53,000. Allworth Financial LP increased its stake in SPDR S&P Regional Banking ETF by 219.5% in the fourth quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 900 shares in the last quarter. Naples Money Management LLC acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth $104,000. Finally, Friedenthal Financial bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $113,000.

SPDR S&P Regional Banking ETF Stock Up 2.6 %

KRE opened at $48.23 on Thursday. The company has a fifty day simple moving average of $48.19 and a 200 day simple moving average of $47.65. The stock has a market cap of $2.58 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 12 month low of $34.52 and a 12 month high of $54.47.

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.