Graypoint LLC Cuts Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Graypoint LLC lowered its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,441 shares of the exchange traded fund’s stock after selling 12,634 shares during the quarter. Graypoint LLC owned 0.20% of SPDR S&P Regional Banking ETF worth $6,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $25,000. HBW Advisory Services LLC grew its holdings in shares of SPDR S&P Regional Banking ETF by 21.4% during the 4th quarter. HBW Advisory Services LLC now owns 8,373 shares of the exchange traded fund’s stock valued at $505,000 after purchasing an additional 1,478 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in SPDR S&P Regional Banking ETF in the 3rd quarter worth $563,000. Franklin Resources Inc. lifted its stake in SPDR S&P Regional Banking ETF by 1,462.5% in the third quarter. Franklin Resources Inc. now owns 25,000 shares of the exchange traded fund’s stock worth $1,462,000 after purchasing an additional 23,400 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in SPDR S&P Regional Banking ETF by 78.2% in the third quarter. Synovus Financial Corp now owns 70,543 shares of the exchange traded fund’s stock worth $3,993,000 after purchasing an additional 30,956 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

KRE traded down $1.78 on Friday, hitting $58.31. 18,459,991 shares of the company were exchanged, compared to its average volume of 12,028,683. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25. The stock has a market capitalization of $3.11 billion, a PE ratio of 8.36 and a beta of 1.56. The firm has a fifty day simple moving average of $63.82 and a two-hundred day simple moving average of $58.17.

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.