SMI Advisory Services LLC Decreases Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SMI Advisory Services LLC trimmed its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 57.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,245 shares of the exchange traded fund’s stock after selling 212,833 shares during the quarter. SPDR S&P Regional Banking ETF makes up about 2.2% of SMI Advisory Services LLC’s portfolio, making the stock its 14th biggest position. SMI Advisory Services LLC owned 0.30% of SPDR S&P Regional Banking ETF worth $9,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KRE. Lowe Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth approximately $25,000. Larson Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth approximately $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 position in SPDR S&P Regional Banking ETF in the third quarter worth approximately $68,000. Finally, Armstrong Advisory Group Inc. grew its stake in SPDR S&P Regional Banking ETF by 25.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 255 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Down 1.2 %

Shares of NYSEARCA:KRE opened at $63.09 on Thursday. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25. The stock has a market cap of $3.37 billion, a P/E ratio of 8.36 and a beta of 1.56. The business’s 50 day moving average is $63.50 and its 200 day moving average is $59.10.

SPDR S&P Regional Banking ETF Company 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.