NewSquare Capital LLC Buys New Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

NewSquare Capital LLC bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 154,673 shares of the exchange traded fund’s stock, valued at approximately $8,109,000. NewSquare Capital LLC owned 0.21% of SPDR S&P Regional Banking ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Simplex Trading LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth about $33,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth about $53,000. Sheets Smith Wealth Management acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth about $68,000. Allworth Financial LP grew its position in SPDR S&P Regional Banking ETF by 219.5% during the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock worth $69,000 after purchasing an additional 900 shares during the period. Finally, Naples Money Management LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth about $104,000.

SPDR S&P Regional Banking ETF Trading Up 1.1 %

KRE traded up $0.55 during midday trading on Tuesday, hitting $48.73. 12,829,965 shares of the company were exchanged, compared to its average volume of 14,961,459. The company’s 50 day simple moving average is $48.23 and its 200 day simple moving average is $47.41. SPDR S&P Regional Banking ETF has a 1-year low of $34.52 and a 1-year high of $54.47. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.27 and a beta of 1.56.

SPDR S&P Regional Banking ETF Company 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.