Fifth Third Bancorp Sells 1,713 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Fifth Third Bancorp trimmed its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 71.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 701 shares of the exchange traded fund’s stock after selling 1,713 shares during the period. Fifth Third Bancorp’s holdings in SPDR S&P Regional Banking ETF were worth $42,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRE. Lowe Wealth Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at about $25,000. Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at $57,000. Future Financial Wealth Managment LLC bought a new position in SPDR S&P Regional Banking ETF in the 3rd quarter worth about $58,000. Bristlecone Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth approximately $68,000. Finally, Armstrong Advisory Group Inc. lifted its position in SPDR S&P Regional Banking ETF by 25.7% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 255 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE opened at $64.16 on Monday. The firm has a fifty day moving average of $63.19 and a 200 day moving average of $59.72. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25. The firm has a market capitalization of $3.43 billion, a PE ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF Company 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.