IHT Wealth Management LLC Trims Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

IHT Wealth Management LLC trimmed its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Rating) by 9.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,195 shares of the exchange traded fund’s stock after selling 1,760 shares during the period. IHT Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $954,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in KRE. Blair William & Co. IL raised its stake in shares of SPDR S&P Regional Banking ETF by 20.5% in the 1st quarter. Blair William & Co. IL now owns 17,023 shares of the exchange traded fund’s stock valued at $1,173,000 after acquiring an additional 2,899 shares during the period. Cetera Investment Advisers increased its stake in SPDR S&P Regional Banking ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 49,150 shares of the exchange traded fund’s stock worth $3,386,000 after buying an additional 1,364 shares during the period. Moors & Cabot Inc. increased its stake in SPDR S&P Regional Banking ETF by 170.3% during the 1st quarter. Moors & Cabot Inc. now owns 8,689 shares of the exchange traded fund’s stock worth $599,000 after buying an additional 5,474 shares during the period. Baird Financial Group Inc. increased its stake in SPDR S&P Regional Banking ETF by 133.1% during the 1st quarter. Baird Financial Group Inc. now owns 71,351 shares of the exchange traded fund’s stock worth $4,916,000 after buying an additional 40,746 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth approximately $1,093,000.

SPDR S&P Regional Banking ETF Stock Down 6.0 %

Shares of KRE opened at $43.44 on Friday. SPDR S&P Regional Banking ETF has a fifty-two week low of $41.92 and a fifty-two week high of $73.01. The firm’s 50 day moving average price is $59.68 and its 200 day moving average price is $60.88. The company has a market cap of $1.80 billion, a P/E ratio of 10.19 and a beta of 1.13.

About SPDR S&P Regional Banking ETF

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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.