Farmers Trust Co. Lowers Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Farmers Trust Co. lessened its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 13.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,989 shares of the exchange traded fund’s stock after selling 605 shares during the period. Farmers Trust Co.’s holdings in SPDR S&P Regional Banking ETF were worth $226,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KRE. Centaurus Financial Inc. raised its stake in shares of SPDR S&P Regional Banking ETF by 6.0% during the 2nd quarter. Centaurus Financial Inc. now owns 9,424 shares of the exchange traded fund’s stock worth $463,000 after acquiring an additional 531 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the 2nd quarter valued at approximately $2,674,000. SPC Financial Inc. increased its stake in SPDR S&P Regional Banking ETF by 5.0% during the 2nd quarter. SPC Financial Inc. now owns 12,200 shares of the exchange traded fund’s stock valued at $599,000 after purchasing an additional 580 shares in the last quarter. Truist Financial Corp increased its stake in SPDR S&P Regional Banking ETF by 0.5% during the 2nd quarter. Truist Financial Corp now owns 199,914 shares of the exchange traded fund’s stock valued at $9,816,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in SPDR S&P Regional Banking ETF during the 2nd quarter valued at approximately $2,519,000.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock traded up $1.12 during mid-day trading on Friday, reaching $55.84. 11,242,427 shares of the company traded hands, compared to its average volume of 14,257,672. The firm’s fifty day moving average is $55.56 and its two-hundred day moving average is $51.50. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a fifty-two week low of $37.66 and a fifty-two week high of $59.59.

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.