C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 35,093 Shares of SPDR S&P Regional Banking ETF $KRE

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors cut its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 73.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,871 shares of the exchange traded fund’s stock after selling 35,093 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in SPDR S&P Regional Banking ETF were worth $815,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its position in shares of SPDR S&P Regional Banking ETF by 23.5% during the second quarter. Bessemer Group Inc. now owns 2,001,499 shares of the exchange traded fund’s stock valued at $118,869,000 after buying an additional 381,080 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management acquired a new stake in SPDR S&P Regional Banking ETF during the second quarter worth about $21,066,000. Curi Capital LLC increased its stake in SPDR S&P Regional Banking ETF by 9.4% during the second quarter. Curi Capital LLC now owns 321,421 shares of the exchange traded fund’s stock valued at $19,089,000 after acquiring an additional 27,595 shares during the period. Truist Financial Corp raised its holdings in SPDR S&P Regional Banking ETF by 4.5% in the 2nd quarter. Truist Financial Corp now owns 220,954 shares of the exchange traded fund’s stock valued at $13,122,000 after acquiring an additional 9,442 shares in the last quarter. Finally, Highlander Partners L.P. acquired a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $11,878,000.

SPDR S&P Regional Banking ETF Trading Up 0.7%

KRE opened at $65.24 on Friday. The stock’s 50 day simple moving average is $63.43 and its 200-day simple moving average is $62.72. The stock has a market cap of $3.71 billion, a PE ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $68.08.

About SPDR S&P Regional Banking ETF

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.