Sowell Financial Services LLC reduced its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 84.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,968 shares of the exchange traded fund’s stock after selling 31,972 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR S&P Regional Banking ETF were worth $414,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Vanguard Capital Wealth Advisors acquired a new position in SPDR S&P Regional Banking ETF during the 2nd quarter worth $934,000. Nwam LLC bought a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at $779,000. Renaissance Technologies LLC boosted its position in SPDR S&P Regional Banking ETF by 21.0% in the 1st quarter. Renaissance Technologies LLC now owns 141,900 shares of the exchange traded fund’s stock valued at $9,245,000 after buying an additional 24,600 shares during the last quarter. Summit Securities Group LLC boosted its position in SPDR S&P Regional Banking ETF by 216.2% in the 1st quarter. Summit Securities Group LLC now owns 23,919 shares of the exchange traded fund’s stock valued at $1,558,000 after buying an additional 16,354 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 34.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 236,569 shares of the exchange traded fund’s stock valued at $17,707,000 after buying an additional 60,450 shares during the period.
SPDR S&P Regional Banking ETF Stock Performance
NYSEARCA KRE opened at $72.88 on Wednesday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 12.39 and a beta of 0.87. SPDR S&P Regional Banking ETF has a 52 week low of $58.20 and a 52 week high of $78.35. The stock has a fifty day moving average of $71.91 and a 200-day moving average of $71.03.
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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