Dixon Hubard Feinour & Brown Inc. VA lowered its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 93.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,300 shares of the exchange traded fund’s stock after selling 143,217 shares during the period. Dixon Hubard Feinour & Brown Inc. VA’s holdings in SPDR S&P Regional Banking ETF were worth $553,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Confluence Investment Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at $645,000. BKD Wealth Advisors LLC raised its position in SPDR S&P Regional Banking ETF by 6.1% in the 2nd quarter. BKD Wealth Advisors LLC now owns 34,516 shares of the exchange traded fund’s stock worth $2,105,000 after purchasing an additional 1,973 shares during the period. Bogart Wealth LLC raised its position in SPDR S&P Regional Banking ETF by 65.6% in the 2nd quarter. Bogart Wealth LLC now owns 23,400 shares of the exchange traded fund’s stock worth $1,427,000 after purchasing an additional 9,268 shares during the period. TRUE Private Wealth Advisors raised its position in SPDR S&P Regional Banking ETF by 72.5% in the 2nd quarter. TRUE Private Wealth Advisors now owns 17,955 shares of the exchange traded fund’s stock worth $1,095,000 after purchasing an additional 7,545 shares during the period. Finally, Macguire Cheswick & Tuttle Investment Counsel LLC purchased a new position in SPDR S&P Regional Banking ETF in the 2nd quarter worth $691,000.
Shares of KRE stock traded down $0.08 during mid-day trading on Monday, reaching $55.68. The stock had a trading volume of 9,048,604 shares, compared to its average volume of 6,595,400. SPDR S&P Regional Banking ETF has a 52-week low of $50.69 and a 52-week high of $66.04.
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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.
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