Cetera Investment Advisers Decreases Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Cetera Investment Advisers decreased its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 7.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 281,319 shares of the exchange traded fund’s stock after selling 22,719 shares during the quarter. Cetera Investment Advisers’ holdings in SPDR S&P Regional Banking ETF were worth $13,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KRE. Transcendent Capital Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $26,000. Clear Point Advisors Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at $44,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Regional Banking ETF in the second quarter valued at about $50,000. Family Firm Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF during the second quarter worth about $60,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter worth about $63,000.

SPDR S&P Regional Banking ETF Stock Performance

KRE stock opened at $55.86 on Friday. The firm has a market cap of $2.98 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 $37.66 and a 1 year high of $59.59. The stock has a 50-day simple moving average of $55.56 and a 200-day simple moving average of $51.50.

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.