Private Advisor Group LLC cut its stake in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) by 60.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,576 shares of the exchange traded fund’s stock after selling 26,355 shares during the quarter. Private Advisor Group LLC’s holdings in SPDR KBW Regional Banking were worth $1,049,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Opera Trading Capital acquired a new stake in shares of SPDR KBW Regional Banking during the fourth quarter worth $100,000. Maltese Capital Management LLC acquired a new position in SPDR KBW Regional Banking in the fourth quarter valued at about $102,000. MCF Advisors LLC acquired a new position in SPDR KBW Regional Banking in the third quarter valued at about $119,000. Barrett Asset Management LLC acquired a new position in SPDR KBW Regional Banking in the fourth quarter valued at about $185,000. Finally, Family Firm Inc. acquired a new position in SPDR KBW Regional Banking in the fourth quarter valued at about $201,000.
SPDR KBW Regional Banking (NYSEARCA KRE) opened at $63.10 on Tuesday. SPDR KBW Regional Banking has a 52 week low of $49.31 and a 52 week high of $63.81. The stock has a market capitalization of $4,710.00 and a PE ratio of -87.64.
ILLEGAL ACTIVITY WARNING: This news story was reported by Stock Observer and is the property of of Stock Observer. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thestockobserver.com/2018/02/20/private-advisor-group-llc-has-1-05-million-position-in-spdr-kbw-regional-banking-kre.html.
SPDR KBW Regional Banking 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.
Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR KBW Regional Banking (NYSEARCA:KRE).
Receive News & Ratings for SPDR KBW Regional Banking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR KBW Regional Banking and related companies with MarketBeat.com's FREE daily email newsletter.