SPDR S&P Regional Banking ETF $KRE Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 66.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,215 shares of the exchange traded fund’s stock after selling 16,591 shares during the quarter. Bank of Nova Scotia’s holdings in SPDR S&P Regional Banking ETF were worth $535,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. MWA Asset Management acquired a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at approximately $46,000. Lido Advisors LLC lifted its stake in SPDR S&P Regional Banking ETF by 129.2% during the first quarter. Lido Advisors LLC now owns 53,565 shares of the exchange traded fund’s stock worth $3,490,000 after purchasing an additional 30,194 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of SPDR S&P Regional Banking ETF by 11.6% during the first quarter. Cetera Investment Advisers now owns 272,998 shares of the exchange traded fund’s stock worth $17,786,000 after buying an additional 28,390 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of SPDR S&P Regional Banking ETF during the first quarter worth $83,392,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the first quarter worth $84,000.

SPDR S&P Regional Banking ETF Trading Down 0.4%

KRE stock opened at $75.90 on Friday. The company has a market capitalization of $4.34 billion, a PE ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $78.10. The business’s fifty day moving average price is $73.27 and its 200 day moving average price is $69.93.

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.