City Holding Co. Trims Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

City Holding Co. lowered its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 0.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,459 shares of the exchange traded fund’s stock after selling 216 shares during the period. City Holding Co.’s holdings in SPDR S&P Regional Banking ETF were worth $1,431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $26,000. Founders Financial Alliance LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $52,000. Vestor Capital LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $54,000. ICA Group Wealth Management LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $59,000. Finally, Allworth Financial LP increased its position in SPDR S&P Regional Banking ETF by 219.5% in the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 900 shares during the period.

SPDR S&P Regional Banking ETF Stock Up 0.9 %

NYSEARCA KRE traded up $0.40 on Monday, reaching $47.41. 2,302,500 shares of the stock traded hands, compared to its average volume of 13,822,096. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The firm’s fifty day simple moving average is $48.33 and its 200 day simple moving average is $49.21. SPDR S&P Regional Banking ETF has a 12 month low of $37.66 and a 12 month high of $54.47.

SPDR S&P Regional Banking ETF 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.