MML Investors Services LLC lessened its stake in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 133,603 shares of the exchange traded fund’s stock after selling 22,400 shares during the quarter. MML Investors Services LLC owned approximately 0.17% of SPDR KBW Regional Banking worth $7,863,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Opera Trading Capital acquired a new position in SPDR KBW Regional Banking in the fourth quarter valued at $100,000. Maltese Capital Management LLC bought a new stake in shares of SPDR KBW Regional Banking during the fourth quarter worth about $102,000. Barrett Asset Management LLC bought a new stake in shares of SPDR KBW Regional Banking during the fourth quarter worth about $185,000. Family Firm Inc. bought a new stake in shares of SPDR KBW Regional Banking during the fourth quarter worth about $201,000. Finally, Edge Wealth Management LLC increased its position in shares of SPDR KBW Regional Banking by 70.9% during the fourth quarter. Edge Wealth Management LLC now owns 3,435 shares of the exchange traded fund’s stock worth $202,000 after acquiring an additional 1,425 shares in the last quarter.
Shares of SPDR KBW Regional Banking (NYSEARCA KRE) traded down $0.94 during mid-day trading on Wednesday, reaching $63.53. 6,707,851 shares of the company’s stock were exchanged, compared to its average volume of 6,343,943. The company has a market cap of $5,370.00 and a P/E ratio of -88.24. SPDR KBW Regional Banking has a twelve month low of $49.31 and a twelve month high of $65.33.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thelincolnianonline.com/2018/03/14/mml-investors-services-llc-has-7-86-million-holdings-in-spdr-kbw-regional-banking-kre.html.
SPDR KBW Regional Banking 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.
Receive News & Ratings for SPDR KBW Regional Banking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR KBW Regional Banking and related companies with MarketBeat.com's FREE daily email newsletter.