Cwm LLC Reduces Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Cwm LLC lessened its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 45.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,636 shares of the exchange traded fund’s stock after selling 1,381 shares during the quarter. Cwm LLC’s holdings in SPDR S&P Regional Banking ETF were worth $93,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Silver Lake Advisory LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $229,000. One Capital Management LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 9.8% in the 2nd quarter. One Capital Management LLC now owns 190,334 shares of the exchange traded fund’s stock valued at $9,345,000 after purchasing an additional 17,031 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 10.1% in the 2nd quarter. Private Advisor Group LLC now owns 16,528 shares of the exchange traded fund’s stock valued at $812,000 after purchasing an additional 1,520 shares during the last quarter. SPC Financial Inc. grew its stake in shares of 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 valued at $584,000 after purchasing an additional 900 shares during the last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 49.3% in the first quarter. Capstone Investment Advisors LLC now owns 466,717 shares of the exchange traded fund’s stock valued at $23,467,000 after buying an additional 154,089 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock opened at $57.90 on Friday. SPDR S&P Regional Banking ETF has a 1-year low of $38.48 and a 1-year high of $60.61. The company has a market cap of $3.09 billion, a PE ratio of 8.36 and a beta of 1.56. The stock’s 50 day moving average price is $56.70 and its 200 day moving average price is $52.49.

SPDR S&P Regional Banking ETF Company 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.