White Pine Capital LLC Sells 370 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

White Pine Capital LLC cut its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,960 shares of the exchange traded fund’s stock after selling 370 shares during the quarter. White Pine Capital LLC’s holdings in SPDR S&P Regional Banking ETF were worth $782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $32,000. Larson Financial Group LLC bought a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $57,000. New Wave Wealth Advisors LLC bought a new position in SPDR S&P Regional Banking ETF in the 4th quarter valued at about $67,000. Finally, Bristlecone Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth approximately $68,000.

SPDR S&P Regional Banking ETF Trading Up 0.4 %

SPDR S&P Regional Banking ETF stock opened at $63.69 on Friday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The stock’s 50 day moving average is $62.59 and its 200-day moving average is $60.12. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25.

SPDR S&P Regional Banking ETF Company 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.