Evolution Wealth Advisors LLC Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Evolution Wealth Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,000 shares of the exchange traded fund’s stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of SPDR S&P Regional Banking ETF by 4.2% during the third quarter. Barclays PLC now owns 2,609,153 shares of the exchange traded fund’s stock valued at $108,984,000 after buying an additional 105,704 shares during the last quarter. Alaska Permanent Fund Corp raised its position in SPDR S&P Regional Banking ETF by 86.6% in the third quarter. Alaska Permanent Fund Corp now owns 1,548,840 shares of the exchange traded fund’s stock worth $64,695,000 after purchasing an additional 718,735 shares in the last quarter. LPL Financial LLC raised its position in SPDR S&P Regional Banking ETF by 12.2% in the third quarter. LPL Financial LLC now owns 1,339,950 shares of the exchange traded fund’s stock worth $55,970,000 after purchasing an additional 145,395 shares in the last quarter. Sculptor Capital LP acquired a new position in SPDR S&P Regional Banking ETF in the first quarter worth about $84,199,000. Finally, Stifel Financial Corp raised its position in SPDR S&P Regional Banking ETF by 59.4% in the second quarter. Stifel Financial Corp now owns 463,900 shares of the exchange traded fund’s stock worth $18,941,000 after purchasing an additional 172,798 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 2.6 %

NYSEARCA:KRE traded up $1.21 during mid-day trading on Friday, hitting $47.32. The company’s stock had a trading volume of 15,224,218 shares, compared to its average volume of 15,002,740. SPDR S&P Regional Banking ETF has a fifty-two week low of $34.52 and a fifty-two week high of $54.47. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 8.27 and a beta of 1.56. The stock has a fifty day moving average of $48.21 and a 200-day moving average of $47.21.

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.