KWB Wealth Reduces Stock Position in SPDR S&P Regional Banking ETF $KRE

KWB Wealth cut its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 35.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,364 shares of the exchange traded fund’s stock after selling 2,975 shares during the quarter. KWB Wealth’s holdings in SPDR S&P Regional Banking ETF were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRE. Legend Financial Advisors Inc. purchased a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $25,000. SouthState Corp acquired a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth $27,000. Oakworth Capital Inc. acquired a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter valued at approximately $44,000. Provident Wealth Management LLC purchased a new stake in SPDR S&P Regional Banking ETF during the 1st quarter valued at approximately $51,000. Finally, AlphaCore Capital LLC purchased a new position in SPDR S&P Regional Banking ETF during the first quarter worth about $57,000.

SPDR S&P Regional Banking ETF Stock Up 0.5%

NYSEARCA:KRE opened at $64.19 on Friday. The firm’s fifty day simple moving average is $63.16 and its 200-day simple moving average is $59.02. 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 stock has a market cap of $3.54 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.