Moors & Cabot Inc. decreased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 21.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,366 shares of the exchange traded fund’s stock after selling 1,457 shares during the period. Moors & Cabot Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $224,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Element Wealth LLC lifted its stake in SPDR S&P Regional Banking ETF by 100.7% in the second quarter. Element Wealth LLC now owns 602 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 302 shares during the period. Money Concepts Capital Corp acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $29,000. Simplex Trading LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $33,000. Tanglewood Legacy Advisors LLC raised its position in SPDR S&P Regional Banking ETF by 233.3% in the 2nd quarter. Tanglewood Legacy Advisors LLC now owns 1,000 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 700 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $41,000.
SPDR S&P Regional Banking ETF Stock Down 1.3 %
KRE stock opened at $46.97 on Wednesday. The business has a 50 day moving average price of $50.63 and a two-hundred day moving average price of $46.00. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 10.19 and a beta of 1.10. SPDR S&P Regional Banking ETF has a twelve month low of $34.52 and a twelve month high of $64.96.
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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