Corient Private Wealth LLC Cuts Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Corient Private Wealth LLC cut its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,201 shares of the exchange traded fund’s stock after selling 4,092 shares during the period. Corient Private Wealth LLC’s holdings in SPDR S&P Regional Banking ETF were worth $676,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in SPDR S&P Regional Banking ETF by 98.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,464 shares of the exchange traded fund’s stock worth $819,000 after purchasing an additional 7,172 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of SPDR S&P Regional Banking ETF by 1.2% during the third quarter. Cerity Partners LLC now owns 82,455 shares of the exchange traded fund’s stock worth $4,667,000 after buying an additional 942 shares during the period. Larson Financial Group LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth $57,000. Quantbot Technologies LP purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter valued at $408,000. Finally, FMR LLC increased its position in shares of SPDR S&P Regional Banking ETF by 151.0% in the 3rd quarter. FMR LLC now owns 8,376 shares of the exchange traded fund’s stock valued at $474,000 after acquiring an additional 5,039 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

SPDR S&P Regional Banking ETF stock opened at $56.41 on Friday. The business’s 50-day simple moving average is $60.97 and its two-hundred day simple moving average is $60.96. The company has a market cap of $3.61 billion, a PE ratio of 12.46 and a beta of 1.09. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25.

SPDR S&P Regional Banking ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.3782 dividend. The ex-dividend date was Monday, March 24th.

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.