SAM Advisors LLC Decreases Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SAM Advisors LLC reduced its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,831 shares of the exchange traded fund’s stock after selling 1,540 shares during the quarter. SPDR S&P Regional Banking ETF makes up 1.3% of SAM Advisors LLC’s holdings, making the stock its 17th largest position. SAM Advisors LLC owned 0.12% of SPDR S&P Regional Banking ETF worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Clear Point Advisors Inc. acquired a new position in SPDR S&P Regional Banking ETF during the 1st quarter valued at about $44,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Regional Banking ETF during the 2nd quarter valued at about $50,000. Future Financial Wealth Managment LLC acquired a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $58,000. Bristlecone Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $68,000. Finally, Family Firm Inc. acquired a new position in SPDR S&P Regional Banking ETF during the 2nd quarter valued at about $60,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $66.19 on Thursday. The business’s 50-day moving average is $58.20 and its 200 day moving average is $53.85. The firm has a market capitalization of $3.53 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 1 year low of $43.01 and a 1 year high of $67.96.

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.