Capital Investment Counsel Inc Trims Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Capital Investment Counsel Inc cut its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,523 shares of the exchange traded fund’s stock after selling 5,496 shares during the period. Capital Investment Counsel Inc’s holdings in SPDR S&P Regional Banking ETF were worth $1,420,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KRE. Lowe Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $25,000. Valley Wealth Managers Inc. raised its holdings in shares of SPDR S&P Regional Banking ETF by 22,750.0% in 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 purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $32,000. Larson Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at about $57,000. Finally, JFS Wealth Advisors LLC raised its holdings in shares of SPDR S&P Regional Banking ETF by 295.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 945 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 706 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE opened at $63.06 on Friday. The company has a 50-day simple moving average of $62.42 and a 200-day simple moving average of $60.37. SPDR S&P Regional Banking ETF has a one year low of $45.46 and a one year high of $70.25. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

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.