Cowa LLC Sells 4,732 Shares of SPDR S&P Regional Banking ETF $KRE

Cowa LLC reduced its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 22.3% during the second quarter, HoldingsChannel reports. The fund owned 16,495 shares of the exchange traded fund’s stock after selling 4,732 shares during the quarter. Cowa LLC’s holdings in SPDR S&P Regional Banking ETF were worth $980,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 398.7% in the first quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock worth $1,012,663,000 after purchasing an additional 14,240,865 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SPDR S&P Regional Banking ETF by 27.1% in the first quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock worth $267,574,000 after acquiring an additional 1,004,724 shares during the period. Bessemer Group Inc. grew its position in shares of SPDR S&P Regional Banking ETF by 23.5% in the second quarter. Bessemer Group Inc. now owns 2,001,499 shares of the exchange traded fund’s stock valued at $118,869,000 after purchasing an additional 381,080 shares in the last quarter. Nan Fung Trinity HK Ltd. bought a new stake in shares of SPDR S&P Regional Banking ETF during the first quarter valued at about $30,233,000. Finally, First Financial Bankshares Inc lifted its holdings in shares of SPDR S&P Regional Banking ETF by 0.5% in the first quarter. First Financial Bankshares Inc now owns 388,945 shares of the exchange traded fund’s stock worth $22,112,000 after buying an additional 1,944 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 3.4%

Shares of NYSEARCA:KRE opened at $61.61 on Friday. SPDR S&P Regional Banking ETF has a 12 month low of $47.06 and a 12 month high of $70.25. The stock has a market cap of $3.50 billion, a P/E ratio of 12.39 and a beta of 0.90. The company has a 50 day moving average of $61.80 and a 200 day moving average of $61.01.

SPDR S&P Regional Banking ETF 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.