Madison Wealth Partners Inc Reduces Holdings in SPDR S&P Regional Banking ETF $KRE

Madison Wealth Partners Inc reduced its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 33.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,255 shares of the exchange traded fund’s stock after selling 2,123 shares during the quarter. Madison Wealth Partners Inc’s holdings in SPDR S&P Regional Banking ETF were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KRE. Legend Financial Advisors Inc. purchased a new position in SPDR S&P Regional Banking ETF during the 2nd quarter valued at about $25,000. SouthState Corp purchased a new position in SPDR S&P Regional Banking ETF during the 1st quarter valued at about $27,000. Oakworth Capital Inc. purchased a new position in SPDR S&P Regional Banking ETF during the 1st quarter valued at about $44,000. Trust Co. of Vermont purchased a new position in SPDR S&P Regional Banking ETF during the 2nd quarter valued at about $53,000. Finally, Private Wealth Asset Management LLC increased its holdings in SPDR S&P Regional Banking ETF by 114.9% during the 2nd quarter. Private Wealth Asset Management LLC now owns 935 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 500 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 1.6%

NYSEARCA:KRE opened at $59.07 on Monday. The firm has a 50-day moving average price of $63.56 and a two-hundred day moving average price of $59.61. SPDR S&P Regional Banking ETF has a twelve month low of $47.06 and a twelve month high of $70.25. The company has a market capitalization of $3.57 billion, a P/E 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.