Valley Wealth Managers Inc. reduced its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 29.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,438 shares of the exchange traded fund’s stock after selling 57,508 shares during the quarter. Valley Wealth Managers Inc. owned approximately 0.23% of SPDR S&P Regional Banking ETF worth $9,019,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Arax Advisory Partners purchased a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $25,000. Aventura Private Wealth LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $26,000. UMB Bank n.a. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $52,000. Assetmark Inc. boosted its holdings in shares of SPDR S&P Regional Banking ETF by 207.0% in the 4th quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 714 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $70,000.
SPDR S&P Regional Banking ETF Stock Down 1.6%
Shares of SPDR S&P Regional Banking ETF stock opened at $76.69 on Friday. The firm’s 50 day moving average price is $71.87 and its 200-day moving average price is $69.30. SPDR S&P Regional Banking ETF has a 52-week low of $57.55 and a 52-week high of $78.10. The company has a market cap of $4.84 billion, a P/E ratio of 12.39 and a beta of 0.84.
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.
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