SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,943 shares of the exchange traded fund’s stock after selling 71,028 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of SPDR S&P Regional Banking ETF worth $5,126,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KRE. Arvest Bank Trust Division acquired a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at $5,835,000. Synovus Financial Corp boosted its holdings in SPDR S&P Regional Banking ETF by 78.2% during the 3rd quarter. Synovus Financial Corp now owns 70,543 shares of the exchange traded fund’s stock valued at $3,993,000 after acquiring an additional 30,956 shares during the period. Franklin Resources Inc. grew its position in SPDR S&P Regional Banking ETF by 1,462.5% in the 3rd quarter. Franklin Resources Inc. now owns 25,000 shares of the exchange traded fund’s stock valued at $1,462,000 after acquiring an additional 23,400 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $563,000. Finally, HBW Advisory Services LLC increased its stake in SPDR S&P Regional Banking ETF by 21.4% during the fourth quarter. HBW Advisory Services LLC now owns 8,373 shares of the exchange traded fund’s stock worth $505,000 after purchasing an additional 1,478 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $52.37 on Wednesday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 11.38 and a beta of 0.93. The firm has a 50 day simple moving average of $56.30 and a 200-day simple moving average of $60.38. SPDR S&P Regional Banking ETF has a one year low of $45.76 and a one year high of $70.25.

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.