SPDR S&P Regional Banking ETF $KRE Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC cut its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 4.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 20,551 shares of the exchange traded fund’s stock after selling 1,065 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in shares of SPDR S&P Regional Banking ETF by 398.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock worth $1,012,663,000 after buying an additional 14,240,865 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SPDR S&P Regional Banking ETF by 27.1% in the first quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock worth $267,574,000 after buying an additional 1,004,724 shares during the period. Bessemer Group Inc. boosted its stake in SPDR S&P Regional Banking ETF by 23.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,001,499 shares of the exchange traded fund’s stock worth $118,869,000 after purchasing an additional 381,080 shares during the period. B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter worth $21,066,000. Finally, Curi RMB Capital LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth about $16,704,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE opened at $62.99 on Monday. The company’s 50 day moving average price is $61.60 and its 200 day moving average price is $61.25. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $68.54. The company has a market capitalization of $3.58 billion, a PE ratio of 12.39 and a beta of 0.90.

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.