SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC trimmed its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 26.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,599 shares of the exchange traded fund’s stock after selling 1,683 shares during the quarter. Miracle Mile Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $278,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Silver Lake Advisory LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth about $229,000. Toth Financial Advisory Corp boosted its stake in SPDR S&P Regional Banking ETF by 20.3% during the third quarter. Toth Financial Advisory Corp now owns 4,270 shares of the exchange traded fund’s stock worth $242,000 after buying an additional 721 shares during the period. Stephens Inc. AR increased its position in shares of SPDR S&P Regional Banking ETF by 5.2% during the third quarter. Stephens Inc. AR now owns 25,767 shares of the exchange traded fund’s stock valued at $1,458,000 after acquiring an additional 1,270 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of SPDR S&P Regional Banking ETF by 14.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 9,363 shares of the exchange traded fund’s stock valued at $530,000 after acquiring an additional 1,159 shares during the period. Finally, Delta Financial Group Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $227,000.

SPDR S&P Regional Banking ETF Stock Performance

SPDR S&P Regional Banking ETF stock opened at $62.14 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The firm has a 50 day moving average price of $63.79 and a 200 day moving average price of $58.60.

About SPDR S&P Regional Banking ETF

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.