Meridian Wealth Management LLC Reduces Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Meridian Wealth Management LLC decreased its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,517 shares of the exchange traded fund’s stock after selling 163 shares during the period. Meridian Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in KRE. Farther Finance Advisors LLC lifted its holdings in SPDR S&P Regional Banking ETF by 4.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,641 shares of the exchange traded fund’s stock valued at $276,000 after buying an additional 251 shares in the last quarter. SPC Financial Inc. grew its stake in SPDR S&P Regional Banking ETF by 2.5% in the third quarter. SPC Financial Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $708,000 after purchasing an additional 300 shares during the last quarter. Robinson Value Management Ltd. grew its position in shares of SPDR S&P Regional Banking ETF by 1.3% in the 3rd quarter. Robinson Value Management Ltd. now owns 24,718 shares of the exchange traded fund’s stock worth $1,399,000 after buying an additional 323 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of SPDR S&P Regional Banking ETF by 2.3% during the second quarter. Citizens Financial Group Inc. RI now owns 18,619 shares of the exchange traded fund’s stock worth $914,000 after purchasing an additional 427 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in SPDR S&P Regional Banking ETF by 3.0% in the third quarter. Private Advisor Group LLC now owns 17,023 shares of the exchange traded fund’s stock valued at $963,000 after buying an additional 495 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Up 1.6 %

Shares of SPDR S&P Regional Banking ETF stock opened at $68.89 on Tuesday. The company has a 50 day moving average price of $59.98 and a 200 day moving average price of $54.86. The firm has a market capitalization of $3.68 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 52 week low of $43.51 and a 52 week high of $70.25.

About SPDR S&P Regional Banking ETF

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.