SMI Advisory Services LLC Sells 212,833 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SMI Advisory Services LLC lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 57.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,245 shares of the exchange traded fund’s stock after selling 212,833 shares during the quarter. SPDR S&P Regional Banking ETF makes up about 2.2% of SMI Advisory Services LLC’s portfolio, making the stock its 14th biggest position. SMI Advisory Services LLC’s holdings in SPDR S&P Regional Banking ETF were worth $9,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of KRE. Janney Montgomery Scott LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 4.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 89,041 shares of the exchange traded fund’s stock worth $5,374,000 after purchasing an additional 3,768 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $7,276,000. Magnus Financial Group LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $256,000. Daymark Wealth Partners LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $380,000. Finally, Harbor Investment Advisory LLC grew its position in shares of SPDR S&P Regional Banking ETF by 50.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,500 shares of the exchange traded fund’s stock valued at $91,000 after acquiring an additional 500 shares during the period.

SPDR S&P Regional Banking ETF Trading Down 1.2 %

KRE stock opened at $63.09 on Thursday. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The business’s 50-day moving average is $63.50 and its 200 day moving average is $59.10.

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.