Azora Capital LP Trims Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Azora Capital LP lessened its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 60.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,134 shares of the exchange traded fund’s stock after selling 6,192 shares during the period. Azora Capital LP’s holdings in SPDR S&P Regional Banking ETF were worth $234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silver Lake Advisory LLC bought a new stake in SPDR S&P Regional Banking ETF during the second quarter valued at about $229,000. One Capital Management LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 9.8% during the 2nd quarter. One Capital Management LLC now owns 190,334 shares of the exchange traded fund’s stock valued at $9,345,000 after acquiring an additional 17,031 shares during the period. Private Advisor Group LLC increased its holdings in SPDR S&P Regional Banking ETF by 10.1% in the 2nd quarter. Private Advisor Group LLC now owns 16,528 shares of the exchange traded fund’s stock worth $812,000 after acquiring an additional 1,520 shares in the last quarter. Savant Capital LLC raised its stake in SPDR S&P Regional Banking ETF by 10.0% during the 2nd quarter. Savant Capital LLC now owns 10,992 shares of the exchange traded fund’s stock worth $540,000 after acquiring an additional 1,000 shares during the period. Finally, Toth Financial Advisory Corp lifted its holdings in SPDR S&P Regional Banking ETF by 20.3% during the third quarter. Toth Financial Advisory Corp now owns 4,270 shares of the exchange traded fund’s stock valued at $242,000 after purchasing an additional 721 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

KRE opened at $67.73 on Monday. The firm has a market cap of $3.62 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 1-year low of $44.65 and a 1-year high of $70.25. The company has a 50 day simple moving average of $60.79 and a two-hundred day simple moving average of $55.31.

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.