Valley National Advisers Inc. Sells 5,461 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Valley National Advisers Inc. reduced its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 63.8% during the 1st quarter, Holdings Channel reports. The firm owned 3,094 shares of the exchange traded fund’s stock after selling 5,461 shares during the period. Valley National Advisers Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $26,000. Founders Financial Alliance LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $52,000. Vestor Capital LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $54,000. ICA Group Wealth Management LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $59,000. Finally, Woodmont Investment Counsel LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter valued at about $63,000.

SPDR S&P Regional Banking ETF Trading Down 1.6 %

Shares of SPDR S&P Regional Banking ETF stock traded down $0.80 during trading on Wednesday, reaching $48.65. The stock had a trading volume of 9,622,508 shares, compared to its average volume of 13,832,598. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The stock has a fifty day moving average price of $48.49 and a two-hundred day moving average price of $49.09. SPDR S&P Regional Banking ETF has a 52 week low of $37.66 and a 52 week high of $54.47.

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.