Flputnam Investment Management Co. Sells 2,375 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Flputnam Investment Management Co. reduced its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 70,026 shares of the exchange traded fund’s stock after selling 2,375 shares during the period. Flputnam Investment Management Co.’s holdings in SPDR S&P Regional Banking ETF were worth $4,226,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lowe Wealth Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $25,000. Valley Wealth Managers Inc. grew its holdings in shares of SPDR S&P Regional Banking ETF by 22,750.0% during 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 during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $32,000. Larson Financial Group LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at about $57,000. Finally, JFS Wealth Advisors LLC boosted its holdings in SPDR S&P Regional Banking ETF by 295.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 945 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 706 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

SPDR S&P Regional Banking ETF stock opened at $62.07 on Friday. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The stock has a market cap of $4.74 billion, a PE ratio of 13.97 and a beta of 1.11. The firm’s 50-day simple moving average is $62.29 and its 200 day simple moving average is $60.79.

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.