Sandy Spring Bank Sells 1,564 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Sandy Spring Bank decreased its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,833 shares of the exchange traded fund’s stock after selling 1,564 shares during the period. Sandy Spring Bank’s holdings in SPDR S&P Regional Banking ETF were worth $2,525,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KRE. Lowe Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $26,000. Valley Wealth Managers Inc. lifted its position in shares of SPDR S&P Regional Banking ETF by 22,750.0% in the fourth quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 455 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $32,000. Finally, Larson Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $57,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock opened at $57.29 on Friday. SPDR S&P Regional Banking ETF has a 1 year low of $45.46 and a 1 year high of $70.25. The stock’s 50 day simple moving average is $61.39 and its two-hundred day simple moving average is $60.90. The company has a market cap of $3.66 billion, a PE ratio of 12.46 and a beta of 1.09.

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.