Clear Perspective Advisors LLC Reduces Position in SPDR KBW Regional Banking (KRE)
Clear Perspective Advisors LLC cut its stake in shares of SPDR KBW Regional Banking (NYSE:KRE) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,111 shares of the exchange traded fund’s stock after selling 339 shares during the quarter. Clear Perspective Advisors LLC’s holdings in SPDR KBW Regional Banking were worth $885,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of KRE. Cambridge Advisors Inc. bought a new stake in SPDR KBW Regional Banking in the 2nd quarter valued at about $459,000. First Midwest Bank Trust Division acquired a new position in SPDR KBW Regional Banking during the 2nd quarter worth approximately $1,472,000. Wellington Shields Capital Management LLC raised its stake in SPDR KBW Regional Banking by 0.4% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 12,020 shares of the exchange traded fund’s stock worth $660,000 after buying an additional 50 shares during the period. Howland Capital Management LLC acquired a new position in SPDR KBW Regional Banking during the 2nd quarter worth approximately $223,000. Finally, First Heartland Consultants Inc. raised its stake in SPDR KBW Regional Banking by 9.4% during the 2nd quarter. First Heartland Consultants Inc. now owns 8,938 shares of the exchange traded fund’s stock worth $491,000 after buying an additional 765 shares during the period.
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Shares of SPDR KBW Regional Banking (NYSE:KRE) traded down 0.51% on Wednesday, reaching $56.50. The company’s stock had a trading volume of 2,530,764 shares. SPDR KBW Regional Banking has a 12-month low of $41.36 and a 12-month high of $59.68. The company’s 50 day moving average price is $53.04 and its 200 day moving average price is $53.80.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were given a $0.2062 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.82 annualized dividend and a dividend yield of 1.45%. This is a positive change from SPDR KBW Regional Banking’s previous quarterly dividend of $0.20.
About SPDR KBW Regional Banking
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.
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