Cumberland Advisors Inc. Invests $7.95 Million in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Cumberland Advisors Inc. acquired a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 158,140 shares of the exchange traded fund’s stock, valued at approximately $7,951,000. SPDR S&P Regional Banking ETF comprises about 3.0% of Cumberland Advisors Inc.’s portfolio, making the stock its 10th biggest position.

Several other large investors also recently added to or reduced their stakes in KRE. Transcendent Capital Group LLC purchased a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at about $26,000. Founders Financial Alliance LLC bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $52,000. Vestor Capital LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $54,000. ICA Group Wealth Management LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $59,000. Finally, Allworth Financial LP lifted its position in SPDR S&P Regional Banking ETF by 219.5% in the fourth quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 900 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Up 0.7 %

Shares of KRE traded up $0.31 during mid-day trading on Thursday, hitting $47.44. 4,385,981 shares of the company’s stock traded hands, compared to its average volume of 13,756,128. SPDR S&P Regional Banking ETF has a 1 year low of $37.66 and a 1 year high of $54.47. The firm has a market capitalization of $2.53 billion, a P/E ratio of 8.36 and a beta of 1.56. The business’s 50-day moving average price is $48.40 and its 200-day moving average price is $49.17.

About SPDR S&P Regional Banking ETF

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.