Proffitt & Goodson Inc. Lowers Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Proffitt & Goodson Inc. lessened its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,137 shares of the exchange traded fund’s stock after selling 220 shares during the quarter. Proffitt & Goodson Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $2,181,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Holocene Advisors LP lifted its holdings in shares of SPDR S&P Regional Banking ETF by 142.6% in the third quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after buying an additional 311,147 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 1,910.8% in the third quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock worth $25,461,000 after buying an additional 427,473 shares in the last quarter. Goodman Financial Corp increased its position in SPDR S&P Regional Banking ETF by 0.6% in the third quarter. Goodman Financial Corp now owns 371,371 shares of the exchange traded fund’s stock worth $21,019,000 after purchasing an additional 2,159 shares during the last quarter. Terril Brothers Inc. increased its position in SPDR S&P Regional Banking ETF by 82.5% in the fourth quarter. Terril Brothers Inc. now owns 324,660 shares of the exchange traded fund’s stock worth $19,593,000 after purchasing an additional 146,760 shares during the last quarter. Finally, Ocean Park Asset Management LLC increased its position in SPDR S&P Regional Banking ETF by 33.0% in the fourth quarter. Ocean Park Asset Management LLC now owns 276,744 shares of the exchange traded fund’s stock worth $16,702,000 after purchasing an additional 68,641 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE opened at $62.07 on Friday. The company’s fifty day moving average is $62.27 and its 200 day moving average is $60.67. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The stock has a market capitalization of $4.74 billion, a PE ratio of 13.97 and a beta of 1.11.

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.