KWB Wealth Sells 2,405 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

KWB Wealth decreased its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 27.6% in the 4th quarter, HoldingsChannel reports. The firm owned 6,307 shares of the exchange traded fund’s stock after selling 2,405 shares during the quarter. KWB Wealth’s holdings in SPDR S&P Regional Banking ETF were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lowe Wealth Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth about $25,000. Larson Financial Group LLC acquired a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $57,000. Future Financial Wealth Managment LLC acquired a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $58,000. Bristlecone Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $68,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in SPDR S&P Regional Banking ETF by 106.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,105 shares of the exchange traded fund’s stock worth $119,000 after acquiring an additional 1,085 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 3.4 %

Shares of NYSEARCA KRE opened at $61.19 on Wednesday. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. 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 50-day moving average price of $63.83 and a two-hundred day moving average price of $58.49.

About SPDR S&P Regional Banking ETF

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.