Trilogy Capital Inc. lowered its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 94.1% during the first quarter, Holdings Channel.com reports. The fund owned 6,664 shares of the exchange traded fund’s stock after selling 106,880 shares during the quarter. Trilogy Capital Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $434,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in KRE. Berkshire Money Management Inc. acquired a new stake in SPDR S&P Regional Banking ETF during the first quarter worth about $5,482,000. First American Bank lifted its stake in shares of SPDR S&P Regional Banking ETF by 3.0% in the 1st quarter. First American Bank now owns 65,856 shares of the exchange traded fund’s stock valued at $4,291,000 after purchasing an additional 1,927 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at about $207,000. Brian Low Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth about $653,000. Finally, CENTRAL TRUST Co grew its holdings in shares of SPDR S&P Regional Banking ETF by 45.3% during the 1st quarter. CENTRAL TRUST Co now owns 2,339 shares of the exchange traded fund’s stock worth $152,000 after purchasing an additional 729 shares during the period.
SPDR S&P Regional Banking ETF Stock Performance
KRE opened at $74.75 on Tuesday. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $75.31. The firm has a 50 day moving average price of $70.34 and a 200 day moving average price of $68.50. The company has a market cap of $4.50 billion, a PE ratio of 12.39 and a beta of 0.84.
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.
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