NEXT Financial Group Inc lifted its stake in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) by 22.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,389 shares of the exchange traded fund’s stock after buying an additional 815 shares during the quarter. NEXT Financial Group Inc’s holdings in SPDR KBW Regional Banking were worth $265,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Patten Group Inc. lifted its stake in shares of SPDR KBW Regional Banking by 69.0% during the 1st quarter. Patten Group Inc. now owns 2,450 shares of the exchange traded fund’s stock worth $148,000 after buying an additional 1,000 shares during the last quarter. Advisors Preferred LLC raised its stake in SPDR KBW Regional Banking by 1,801.9% in the 1st quarter. Advisors Preferred LLC now owns 3,005 shares of the exchange traded fund’s stock worth $181,000 after purchasing an additional 2,847 shares in the last quarter. Mariner Wealth Advisors LLC acquired a new stake in SPDR KBW Regional Banking in the 4th quarter worth about $206,000. Bank of New York Mellon Corp acquired a new stake in SPDR KBW Regional Banking in the 4th quarter worth about $210,000. Finally, Waldron LP acquired a new stake in SPDR KBW Regional Banking in the 1st quarter worth about $216,000.
Shares of SPDR KBW Regional Banking opened at $61.00 on Friday, Marketbeat reports. SPDR KBW Regional Banking has a twelve month low of $49.31 and a twelve month high of $66.04.
About SPDR KBW Regional Banking
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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