HighTower Advisors LLC trimmed its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 43.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 75,821 shares of the exchange traded fund’s stock after selling 58,079 shares during the period. HighTower Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $5,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the business. MGO One Seven LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 4.3% in the fourth quarter. MGO One Seven LLC now owns 3,771 shares of the exchange traded fund’s stock worth $244,000 after acquiring an additional 156 shares during the period. Apollon Wealth Management LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 3.9% in the 1st quarter. Apollon Wealth Management LLC now owns 5,029 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 187 shares in the last quarter. IFG Advisory LLC increased its position in shares of SPDR S&P Regional Banking ETF by 2.3% in the fourth quarter. IFG Advisory LLC now owns 8,581 shares of the exchange traded fund’s stock valued at $556,000 after buying an additional 189 shares in the last quarter. Evansbrook LLC increased its holdings in SPDR S&P Regional Banking ETF by 3.9% in the 1st quarter. Evansbrook LLC now owns 5,290 shares of the exchange traded fund’s stock worth $345,000 after acquiring an additional 200 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp increased its stake in shares of SPDR S&P Regional Banking ETF by 20.6% during the second quarter. KERR FINANCIAL PLANNING Corp now owns 1,206 shares of the exchange traded fund’s stock worth $90,000 after purchasing an additional 206 shares in the last quarter.
SPDR S&P Regional Banking ETF Price Performance
Shares of SPDR S&P Regional Banking ETF stock opened at $73.81 on Friday. SPDR S&P Regional Banking ETF has a 12 month low of $57.55 and a 12 month high of $78.35. The stock has a market capitalization of $4.49 billion, a P/E ratio of 12.39 and a beta of 0.83. The business has a 50 day simple moving average of $75.55 and a two-hundred day simple moving average of $71.12.
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.
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