Moore Capital Management LP Cuts Stock Position in SPDR S&P Regional Banking ETF $KRE

Moore Capital Management LP cut its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 9.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 374,336 shares of the exchange traded fund’s stock after selling 41,314 shares during the quarter. Moore Capital Management LP’s holdings in SPDR S&P Regional Banking ETF were worth $24,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KRE. Cresset Asset Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at approximately $343,000. Cerity Partners LLC increased its position in shares of SPDR S&P Regional Banking ETF by 0.7% in the second quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock valued at $4,413,000 after buying an additional 505 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at approximately $2,058,000. HRT Financial LP purchased a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at approximately $2,900,000. Finally, Man Group plc increased its position in shares of SPDR S&P Regional Banking ETF by 607.1% in the second quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock valued at $2,891,000 after buying an additional 58,281 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock opened at $71.15 on Thursday. The stock has a market capitalization of $4.28 billion, a PE ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 12 month low of $55.55 and a 12 month high of $74.27. The business has a 50 day simple moving average of $69.61 and a 200-day simple moving average of $67.98.

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.