GM Advisory Group LLC Decreases Position in SPDR S&P Regional Banking ETF $KRE

GM Advisory Group LLC decreased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 62.1% during the 3rd quarter, Holdings Channel reports. The firm owned 10,486 shares of the exchange traded fund’s stock after selling 17,153 shares during the quarter. GM Advisory Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $664,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KRE. Advisory Services Network LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 10.7% during the 3rd quarter. Advisory Services Network LLC now owns 34,382 shares of the exchange traded fund’s stock worth $2,176,000 after buying an additional 3,320 shares during the last quarter. XTX Topco Ltd acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $735,000. Alyeska Investment Group L.P. acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $23,750,000. Strategic Wealth Partners Ltd. increased its holdings in SPDR S&P Regional Banking ETF by 26.7% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 162,841 shares of the exchange traded fund’s stock valued at $10,308,000 after acquiring an additional 34,340 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in SPDR S&P Regional Banking ETF by 138,127.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 205,959 shares of the exchange traded fund’s stock valued at $13,037,000 after acquiring an additional 205,810 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Down 1.3%

Shares of KRE opened at $62.62 on Thursday. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $74.08. The stock has a market cap of $3.91 billion, a P/E ratio of 12.39 and a beta of 0.90. The company has a 50-day moving average of $68.41 and a two-hundred day moving average of $65.22.

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.