Spire Wealth Management Cuts Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Spire Wealth Management reduced its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KREFree Report) by 61.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,289 shares of the exchange traded fund’s stock after selling 3,592 shares during the period. Spire Wealth Management’s holdings in SPDR S&P Regional Banking ETF were worth $96,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KRE. Money Concepts Capital Corp acquired a new position in SPDR S&P Regional Banking ETF in the fourth quarter worth $29,000. Brown Brothers Harriman & Co. boosted its holdings in SPDR S&P Regional Banking ETF by 351.1% in the first quarter. Brown Brothers Harriman & Co. now owns 600 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 467 shares during the period. Element Wealth LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 100.7% during the second quarter. Element Wealth LLC now owns 602 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 302 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the first quarter valued at $48,000. Finally, Simplex Trading LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at $33,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE opened at $47.87 on Monday. SPDR S&P Regional Banking ETF has a 1 year low of $34.52 and a 1 year high of $64.12. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 10.19 and a beta of 1.10. The firm has a fifty day moving average of $50.71 and a 200-day moving average of $45.99.

SPDR S&P Regional Banking ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

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