LPL Financial LLC Lowers Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

LPL Financial LLC reduced its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,332,493 shares of the exchange traded fund’s stock after selling 145,656 shares during the quarter. LPL Financial LLC owned 2.28% of SPDR S&P Regional Banking ETF worth $75,752,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KRE. O Shaughnessy Asset Management LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 57.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,140 shares of the exchange traded fund’s stock worth $129,000 after buying an additional 784 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $42,861,000. National Bank of Canada FI lifted its position in shares of SPDR S&P Regional Banking ETF by 84.9% in the 4th quarter. National Bank of Canada FI now owns 78,562 shares of the exchange traded fund’s stock worth $4,741,000 after buying an additional 36,075 shares during the last quarter. Scholtz & Company LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $4,809,000. Finally, World Investment Advisors increased its holdings in shares of SPDR S&P Regional Banking ETF by 28.2% in the 4th quarter. World Investment Advisors now owns 36,702 shares of the exchange traded fund’s stock worth $2,215,000 after acquiring an additional 8,079 shares during the period.

SPDR S&P Regional Banking ETF Stock Down 1.3%

KRE stock opened at $60.79 on Thursday. SPDR S&P Regional Banking ETF has a fifty-two week low of $47.06 and a fifty-two week high of $70.25. The firm’s 50-day simple moving average is $59.70 and its 200 day simple moving average is $58.68. The stock has a market cap of $3.36 billion, a PE ratio of 12.39 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.