IHT Wealth Management LLC Reduces Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

IHT Wealth Management LLC cut its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Rating) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,195 shares of the exchange traded fund’s stock after selling 1,760 shares during the period. IHT Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in shares of SPDR S&P Regional Banking ETF by 149,812.4% in the 3rd quarter. Bessemer Group Inc. now owns 3,635,375 shares of the exchange traded fund’s stock valued at $214,051,000 after buying an additional 3,632,950 shares in the last quarter. Sculptor Capital LP acquired a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $84,199,000. Twin Tree Management LP boosted its holdings in shares of SPDR S&P Regional Banking ETF by 143.7% in the 2nd quarter. Twin Tree Management LP now owns 356,900 shares of the exchange traded fund’s stock valued at $20,732,000 after buying an additional 1,172,700 shares in the last quarter. Simplex Trading LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 1,105.0% in the 3rd quarter. Simplex Trading LLC now owns 526,601 shares of the exchange traded fund’s stock valued at $31,006,000 after buying an additional 482,899 shares in the last quarter. Finally, Meitav Dash Investments Ltd. acquired a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at $26,680,000.

SPDR S&P Regional Banking ETF Trading Down 6.0 %

Shares of SPDR S&P Regional Banking ETF stock opened at $43.44 on Friday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 10.19 and a beta of 1.13. The company has a fifty day simple moving average of $59.68 and a 200-day simple moving average of $60.88. SPDR S&P Regional Banking ETF has a 12-month low of $41.92 and a 12-month high of $73.01.

SPDR S&P Regional Banking ETF Profile

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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.