Rosenthal Henry Capital Advisors Inc. Buys New Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Rosenthal Henry Capital Advisors Inc. purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 174,383 shares of the exchange traded fund’s stock, valued at approximately $9,870,000. SPDR S&P Regional Banking ETF comprises 9.9% of Rosenthal Henry Capital Advisors Inc.’s investment portfolio, making the stock its biggest holding. Rosenthal Henry Capital Advisors Inc. owned about 0.33% of SPDR S&P Regional Banking ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $476,000. Etfidea LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the first quarter worth about $267,000. Geneos Wealth Management Inc. lifted its position in shares of SPDR S&P Regional Banking ETF by 12.9% during the first quarter. Geneos Wealth Management Inc. now owns 29,903 shares of the exchange traded fund’s stock worth $1,504,000 after purchasing an additional 3,425 shares in the last quarter. SPC Financial Inc. grew its stake in shares of SPDR S&P Regional Banking ETF by 8.4% during the first quarter. SPC Financial Inc. now owns 11,620 shares of the exchange traded fund’s stock valued at $584,000 after purchasing an additional 900 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. increased its holdings in shares of SPDR S&P Regional Banking ETF by 6.3% in the first quarter. Retirement Planning Co of New England Inc. now owns 6,651 shares of the exchange traded fund’s stock valued at $334,000 after purchasing an additional 392 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock traded down $0.31 on Friday, reaching $58.64. 11,511,997 shares of the stock were exchanged, compared to its average volume of 14,175,291. The stock has a 50 day moving average price of $57.08 and a 200 day moving average price of $52.88. The stock has a market cap of $3.13 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a one year low of $40.35 and a one year high of $60.82.

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.