PNC Financial Services Group Inc. Sells 6,778 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

PNC Financial Services Group Inc. lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,779 shares of the exchange traded fund’s stock after selling 6,778 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $7,006,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Clear Point Advisors Inc. purchased a new position in SPDR S&P Regional Banking ETF in the first quarter worth about $44,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $50,000. Future Financial Wealth Managment LLC bought a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $58,000. Family Firm Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the 2nd quarter valued at $60,000. Finally, Bristlecone Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth $68,000.

SPDR S&P Regional Banking ETF Price Performance

KRE stock opened at $67.79 on Friday. The stock has a market capitalization of $3.62 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 $43.51 and a 1-year high of $67.96. The business has a fifty day moving average price of $59.73 and a 200-day moving average price of $54.69.

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.