SPC Financial Inc. Lowers Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SPC Financial Inc. cut its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Other hedge funds have also modified their holdings of the company. Gries Financial LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth approximately $641,000. Truist Financial Corp lifted its holdings in shares of SPDR S&P Regional Banking ETF by 2.0% during the fourth quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock worth $11,343,000 after purchasing an additional 3,762 shares during the period. Empowered Funds LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $1,550,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 25.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 2,251 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in shares of SPDR S&P Regional Banking ETF by 28.6% during the fourth quarter. CENTRAL TRUST Co now owns 1,923 shares of the exchange traded fund’s stock worth $116,000 after purchasing an additional 428 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $58.71 on Thursday. The stock has a fifty day moving average price of $62.26 and a 200 day moving average price of $60.93. SPDR S&P Regional Banking ETF has a 1-year low of $45.46 and a 1-year high of $70.25. The company has a market cap of $4.48 billion, a PE ratio of 13.97 and a beta of 1.11.

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.