Y Intercept Hong Kong Ltd Reduces Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Y Intercept Hong Kong Ltd reduced its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 60.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,568 shares of the exchange traded fund’s stock after selling 5,409 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in SPDR S&P Regional Banking ETF were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth about $57,000. Future Financial Wealth Managment LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth approximately $58,000. Bristlecone Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $68,000. Family Firm Inc. purchased a new position in SPDR S&P Regional Banking ETF during the 2nd quarter valued at $60,000. Finally, Key Financial Inc grew its position in SPDR S&P Regional Banking ETF by 1,760.0% in the 2nd quarter. Key Financial Inc now owns 1,860 shares of the exchange traded fund’s stock valued at $91,000 after acquiring an additional 1,760 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Down 0.9 %

KRE stock opened at $59.73 on Friday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The business’s fifty day simple moving average is $63.37 and its two-hundred day simple moving average is $56.77.

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.