Envestnet Asset Management Inc. Buys 12,262 Shares of SPDR KBW Regional Banking (KRE)

Envestnet Asset Management Inc. boosted its stake in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,232 shares of the exchange traded fund’s stock after purchasing an additional 12,262 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of SPDR KBW Regional Banking worth $5,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Fore Capital LLC bought a new stake in SPDR KBW Regional Banking during the fourth quarter valued at about $1,177,000. Meitav Dash Investments Ltd. bought a new stake in SPDR KBW Regional Banking during the fourth quarter valued at about $37,433,000. Csenge Advisory Group boosted its position in SPDR KBW Regional Banking by 4.8% during the fourth quarter. Csenge Advisory Group now owns 27,187 shares of the exchange traded fund’s stock valued at $1,600,000 after purchasing an additional 1,249 shares in the last quarter. Glovista Investments LLC bought a new stake in SPDR KBW Regional Banking during the fourth quarter valued at about $5,517,000. Finally, BB&T Securities LLC boosted its position in SPDR KBW Regional Banking by 7.4% during the fourth quarter. BB&T Securities LLC now owns 33,534 shares of the exchange traded fund’s stock valued at $1,973,000 after purchasing an additional 2,324 shares in the last quarter.

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Shares of KRE stock opened at $60.39 on Friday. SPDR KBW Regional Banking has a 1-year low of $49.31 and a 1-year high of $65.33.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, March 19th were given a dividend of $0.2038 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, March 16th.

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SPDR KBW Regional Banking 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.

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Institutional Ownership by Quarter for SPDR KBW Regional Banking (NYSEARCA:KRE)

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