Phoenix Financial Ltd. Makes New $1.93 Million Investment in SPDR S&P Regional Banking ETF $KRE

Phoenix Financial Ltd. purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 30,500 shares of the exchange traded fund’s stock, valued at approximately $1,931,000.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 283.9% in the 2nd quarter. GAMMA Investing LLC now owns 975 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 721 shares in the last quarter. Farther Finance Advisors LLC lifted its position in SPDR S&P Regional Banking ETF by 718.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock worth $86,000 after buying an additional 1,265 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $205,000. Founders Financial Securities LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth approximately $1,756,000. Finally, Ameritas Advisory Services LLC bought a new position in SPDR S&P Regional Banking ETF during the second quarter valued at approximately $77,000.

SPDR S&P Regional Banking ETF Stock Performance

KRE stock opened at $68.26 on Wednesday. The company has a market capitalization of $4.18 billion, a PE ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $71.26. The company’s 50 day moving average price is $65.90 and its two-hundred day moving average price is $63.60.

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.