Janney Montgomery Scott LLC Sells 13,427 Shares of SPDR S&P Regional Banking ETF $KRE

Janney Montgomery Scott LLC lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 15.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,611 shares of the exchange traded fund’s stock after selling 13,427 shares during the period. Janney Montgomery Scott LLC owned about 0.13% of SPDR S&P Regional Banking ETF worth $4,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of SPDR S&P Regional Banking ETF by 398.7% during the first quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock valued at $1,012,663,000 after acquiring an additional 14,240,865 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SPDR S&P Regional Banking ETF by 27.1% during the first quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock valued at $267,574,000 after acquiring an additional 1,004,724 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 3,046.1% during the first quarter. SG Americas Securities LLC now owns 719,931 shares of the exchange traded fund’s stock valued at $40,928,000 after acquiring an additional 697,048 shares in the last quarter. Nan Fung Trinity HK Ltd. bought a new stake in shares of SPDR S&P Regional Banking ETF during the first quarter valued at approximately $30,233,000. Finally, First Financial Bankshares Inc raised its stake in shares of SPDR S&P Regional Banking ETF by 0.5% during the first quarter. First Financial Bankshares Inc now owns 388,945 shares of the exchange traded fund’s stock valued at $22,112,000 after acquiring an additional 1,944 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

SPDR S&P Regional Banking ETF stock opened at $63.63 on Wednesday. The company has a 50 day moving average price of $63.29 and a 200-day moving average price of $59.34. 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 company has a market capitalization of $3.91 billion, a PE ratio of 12.39 and a beta of 1.10.

SPDR S&P Regional Banking ETF Company 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.