Novem Group Invests $1.62 Million in SPDR S&P Regional Banking ETF $KRE

Novem Group bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 25,054 shares of the exchange traded fund’s stock, valued at approximately $1,624,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Apollon Wealth Management LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 3.8% in the 4th quarter. Apollon Wealth Management LLC now owns 4,842 shares of the exchange traded fund’s stock worth $314,000 after purchasing an additional 178 shares during the period. Toth Financial Advisory Corp lifted its position in shares of SPDR S&P Regional Banking ETF by 2.9% in the 4th quarter. Toth Financial Advisory Corp now owns 6,579 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 188 shares during the period. US Bancorp DE increased its stake in shares of SPDR S&P Regional Banking ETF by 1.9% in the 3rd quarter. US Bancorp DE now owns 10,366 shares of the exchange traded fund’s stock worth $656,000 after acquiring an additional 193 shares in the last quarter. Spire Wealth Management increased its stake in shares of SPDR S&P Regional Banking ETF by 14.4% in the 4th quarter. Spire Wealth Management now owns 1,608 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 203 shares in the last quarter. Finally, Intrepid Financial Planning Group LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 1.1% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 19,600 shares of the exchange traded fund’s stock worth $1,241,000 after acquiring an additional 207 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $70.64 on Tuesday. The company has a 50-day moving average of $67.27 and a 200 day moving average of $65.56. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 12.39 and a beta of 0.87. SPDR S&P Regional Banking ETF has a 1 year low of $50.21 and a 1 year high of $74.08.

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.