Commonwealth Equity Services LLC trimmed its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Rating) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 71,930 shares of the exchange traded fund’s stock after selling 1,375 shares during the period. Commonwealth Equity Services LLC owned approximately 0.18% of SPDR S&P Regional Banking ETF worth $4,225,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $26,000. EWG Elevate Inc. acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $35,000. BDO Wealth Advisors LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 166.7% during the third quarter. BDO Wealth Advisors LLC now owns 640 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 400 shares during the period. Magnolia Capital Management Ltd. grew its stake in shares of SPDR S&P Regional Banking ETF by 243.6% in the fourth quarter. Magnolia Capital Management Ltd. now owns 670 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 475 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of SPDR S&P Regional Banking ETF by 351.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 600 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 467 shares during the period.
SPDR S&P Regional Banking ETF Trading Up 0.6 %
KRE opened at $36.37 on Friday. The stock’s 50-day moving average price is $43.45 and its 200 day moving average price is $55.19. SPDR S&P Regional Banking ETF has a 12-month low of $34.52 and a 12-month high of $68.83. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 10.19 and a beta of 1.10.
SPDR S&P Regional Banking ETF 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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