SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Stock Position Lowered by Creative Planning

Creative Planning lessened its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 40.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,765 shares of the exchange traded fund’s stock after selling 8,517 shares during the quarter. Creative Planning’s holdings in SPDR S&P Regional Banking ETF were worth $722,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Etfidea LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $267,000. Geneos Wealth Management Inc. lifted its position in SPDR S&P Regional Banking ETF by 12.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 29,903 shares of the exchange traded fund’s stock worth $1,504,000 after buying an additional 3,425 shares in the last quarter. SPC Financial Inc. lifted its position in SPDR S&P Regional Banking ETF by 8.4% in the 1st quarter. SPC Financial Inc. now owns 11,620 shares of the exchange traded fund’s stock worth $584,000 after buying an additional 900 shares in the last quarter. Retirement Planning Co of New England Inc. lifted its position in SPDR S&P Regional Banking ETF by 6.3% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 6,651 shares of the exchange traded fund’s stock worth $334,000 after buying an additional 392 shares in the last quarter. Finally, Capital Square LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $251,000.

SPDR S&P Regional Banking ETF Stock Down 0.5 %

KRE stock opened at $58.64 on Monday. SPDR S&P Regional Banking ETF has a 12-month low of $40.35 and a 12-month high of $60.82. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The company has a 50 day moving average of $57.08 and a two-hundred day moving average of $52.93.

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.