Baird Financial Group Inc. decreased its holdings in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) by 1.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 76,830 shares of the exchange traded fund’s stock after selling 967 shares during the quarter. Baird Financial Group Inc.’s holdings in SPDR KBW Regional Banking were worth $4,520,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of SPDR KBW Regional Banking in the second quarter valued at about $114,000. Solstein Capital LLC purchased a new stake in shares of SPDR KBW Regional Banking in the second quarter valued at about $122,000. Cypress Capital Management LLC WY grew its holdings in shares of SPDR KBW Regional Banking by 55.9% in the second quarter. Cypress Capital Management LLC WY now owns 2,370 shares of the exchange traded fund’s stock valued at $145,000 after purchasing an additional 850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of SPDR KBW Regional Banking in the second quarter valued at about $146,000. Finally, Bank of Stockton purchased a new stake in shares of SPDR KBW Regional Banking in the third quarter valued at about $200,000.

Shares of KRE opened at $52.21 on Friday. SPDR KBW Regional Banking has a 12-month low of $50.69 and a 12-month high of $66.04.

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SPDR KBW Regional Banking 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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR KBW Regional Banking (NYSEARCA:KRE).

Institutional Ownership by Quarter for SPDR KBW Regional Banking (NYSEARCA:KRE)

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