Creative Planning Reduces Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Creative Planning lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 40.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,765 shares of the exchange traded fund’s stock after selling 8,517 shares during the quarter. Creative Planning’s holdings in SPDR S&P Regional Banking ETF were worth $722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KRE. Jane Street Group LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 136.5% during the first quarter. Jane Street Group LLC now owns 2,894,177 shares of the exchange traded fund’s stock valued at $145,519,000 after purchasing an additional 1,670,478 shares during the period. Baymount Management LP purchased a new stake in SPDR S&P Regional Banking ETF in the first quarter worth $51,185,000. Mirae Asset Securities USA Inc. purchased a new stake in SPDR S&P Regional Banking ETF in the second quarter worth $36,825,000. DRW Securities LLC lifted its stake in SPDR S&P Regional Banking ETF by 117.6% in the second quarter. DRW Securities LLC now owns 112,000 shares of the exchange traded fund’s stock worth $5,499,000 after acquiring an additional 748,248 shares during the period. Finally, SG Americas Securities LLC lifted its stake in SPDR S&P Regional Banking ETF by 1,414.4% in the second quarter. SG Americas Securities LLC now owns 700,479 shares of the exchange traded fund’s stock worth $34,394,000 after acquiring an additional 654,225 shares during the period.

SPDR S&P Regional Banking ETF Trading Down 0.5 %

KRE opened at $58.64 on Monday. The stock has a fifty day simple moving average of $57.08 and a two-hundred day simple moving average of $52.93. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 12-month low of $40.35 and a 12-month high of $60.82.

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.