Teamwork Financial Advisors LLC Increases Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Teamwork Financial Advisors LLC lifted its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2,742.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,095 shares of the exchange traded fund’s stock after acquiring an additional 213,317 shares during the period. SPDR S&P Regional Banking ETF accounts for about 1.7% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 17th largest position. Teamwork Financial Advisors LLC owned 0.44% of SPDR S&P Regional Banking ETF worth $11,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of KRE. Pinnbrook Capital Management LP increased its position in SPDR S&P Regional Banking ETF by 111.2% during the 4th quarter. Pinnbrook Capital Management LP now owns 46,912 shares of the exchange traded fund’s stock worth $2,460,000 after purchasing an additional 466,912 shares in the last quarter. Myriad Asset Management US LP acquired a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $21,661,000. First Financial Bankshares Inc acquired a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $20,471,000. Wellington Management Group LLP acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $15,272,000. Finally, Delta Investment Management LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $17,880,000.

SPDR S&P Regional Banking ETF Trading Down 1.6 %

NYSEARCA:KRE traded down $0.80 during trading hours on Thursday, hitting $48.65. The stock had a trading volume of 9,623,366 shares, compared to its average volume of 13,832,598. SPDR S&P Regional Banking ETF has a 1-year low of $37.66 and a 1-year high of $54.47. The business has a 50 day simple moving average of $48.49 and a two-hundred day simple moving average of $49.09. The company has a market cap of $2.60 billion, a PE ratio of 8.36 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.