Crescent Grove Advisors LLC Has $402,000 Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Crescent Grove Advisors LLC decreased its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 10.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,659 shares of the exchange traded fund’s stock after selling 776 shares during the period. Crescent Grove Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $402,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Lowe Wealth Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $57,000. Future Financial Wealth Managment LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $58,000. Bristlecone Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $68,000. Finally, Armstrong Advisory Group Inc. grew its holdings in SPDR S&P Regional Banking ETF by 25.7% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $75,000 after buying an additional 255 shares during the last quarter.

SPDR S&P Regional Banking ETF Trading Up 0.7 %

Shares of KRE stock opened at $63.33 on Monday. The stock has a 50 day moving average of $63.39 and a two-hundred day moving average of $59.38. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25. The company has a market capitalization of $3.38 billion, a P/E ratio of 8.36 and a beta of 1.56.

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.