Sandy Spring Bank Raises Position in SPDR KBW Regional Banking (KRE)

Sandy Spring Bank increased its stake in shares of SPDR KBW Regional Banking (NYSE:KRE) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,194 shares of the exchange traded fund’s stock after purchasing an additional 7,326 shares during the period. Sandy Spring Bank’s holdings in SPDR KBW Regional Banking were worth $4,901,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KRE. Welch Group LLC acquired a new position in shares of SPDR KBW Regional Banking during the 2nd quarter worth approximately $100,000. Bronfman E.L. Rothschild L.P. raised its position in shares of SPDR KBW Regional Banking by 83.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,203 shares of the exchange traded fund’s stock worth $121,000 after purchasing an additional 1,000 shares during the last quarter. Synovus Financial Corp raised its position in shares of SPDR KBW Regional Banking by 187.5% during the 2nd quarter. Synovus Financial Corp now owns 2,608 shares of the exchange traded fund’s stock worth $143,000 after purchasing an additional 1,701 shares during the last quarter. Jacobi Capital Management LLC raised its position in shares of SPDR KBW Regional Banking by 11.5% during the 2nd quarter. Jacobi Capital Management LLC now owns 3,025 shares of the exchange traded fund’s stock worth $168,000 after purchasing an additional 311 shares during the last quarter. Finally, Peak Asset Management LLC acquired a new position in shares of SPDR KBW Regional Banking during the 2nd quarter worth approximately $200,000.

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Shares of SPDR KBW Regional Banking (NYSE:KRE) traded up 0.43% on Friday, hitting $52.37. The company had a trading volume of 5,243,057 shares. SPDR KBW Regional Banking has a 12 month low of $40.97 and a 12 month high of $59.68. The company has a 50-day moving average of $52.69 and a 200 day moving average of $54.04.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be given a $0.2062 dividend. This is an increase from SPDR KBW Regional Banking’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.82 dividend on an annualized basis and a yield of 1.58%.

About SPDR KBW Regional Banking

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.

Institutional Ownership by Quarter for SPDR KBW Regional Banking (NYSE:KRE)

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