SPC Financial Inc. Cuts Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SPC Financial Inc. decreased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,200 shares of the exchange traded fund’s stock after selling 300 shares during the period. SPC Financial Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at $26,000. Valley Wealth Managers Inc. increased its holdings in SPDR S&P Regional Banking ETF by 22,750.0% in the fourth quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 455 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at $32,000. Finally, Larson Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth about $57,000.

SPDR S&P Regional Banking ETF Stock Down 0.6 %

KRE stock opened at $58.71 on Thursday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 13.97 and a beta of 1.11. The firm has a 50-day simple moving average of $62.26 and a 200-day simple moving average of $60.93. SPDR S&P Regional Banking ETF has a 52 week low of $45.46 and a 52 week high of $70.25.

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.