Aviance Capital Management LLC grew its position in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 406,540 shares of the exchange traded fund’s stock after buying an additional 18,601 shares during the period. SPDR KBW Regional Banking comprises 1.7% of Aviance Capital Management LLC’s portfolio, making the stock its 13th largest position. Aviance Capital Management LLC owned 0.52% of SPDR KBW Regional Banking worth $23,925,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in KRE. Janus Henderson Group PLC bought a new position in SPDR KBW Regional Banking during the 2nd quarter worth approximately $1,313,000. BlueCrest Capital Management Ltd acquired a new stake in shares of SPDR KBW Regional Banking during the 2nd quarter worth approximately $399,000. The Manufacturers Life Insurance Company raised its position in shares of SPDR KBW Regional Banking by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,591 shares of the exchange traded fund’s stock worth $307,000 after purchasing an additional 98 shares during the period. Advisory Services Network LLC raised its position in shares of SPDR KBW Regional Banking by 31.1% during the 2nd quarter. Advisory Services Network LLC now owns 11,744 shares of the exchange traded fund’s stock worth $645,000 after purchasing an additional 2,784 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of SPDR KBW Regional Banking by 9.3% during the 2nd quarter. Cetera Investment Advisers now owns 11,260 shares of the exchange traded fund’s stock worth $620,000 after purchasing an additional 962 shares during the period.
Shares of SPDR KBW Regional Banking (KRE) traded up $0.44 during trading on Wednesday, hitting $63.04. The stock had a trading volume of 342,806 shares, compared to its average volume of 6,477,873. The firm has a market cap of $4,800.00 and a PE ratio of -87.57. SPDR KBW Regional Banking has a fifty-two week low of $49.31 and a fifty-two week high of $63.81.
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SPDR KBW Regional Banking 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.
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