Cullen Frost Bankers Inc. Reduces Stock Position in SPDR S&P Regional Banking ETF $KRE

Cullen Frost Bankers Inc. cut its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 4.4% during the fourth quarter, Holdings Channel reports. The firm owned 165,874 shares of the exchange traded fund’s stock after selling 7,713 shares during the period. Cullen Frost Bankers Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $10,750,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Cresset Asset Management LLC acquired a new position in SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $343,000. Cerity Partners LLC lifted its stake in SPDR S&P Regional Banking ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock valued at $4,413,000 after acquiring an additional 505 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at $2,058,000. HRT Financial LP acquired a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter worth $2,900,000. Finally, Man Group plc increased its stake in shares of SPDR S&P Regional Banking ETF by 607.1% in the second quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock worth $2,891,000 after acquiring an additional 58,281 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $69.17 on Thursday. The stock has a market cap of $4.16 billion, a PE ratio of 12.39 and a beta of 0.86. The firm has a fifty day moving average price of $67.15 and a 200 day moving average price of $66.64. SPDR S&P Regional Banking ETF has a 1 year low of $55.37 and a 1 year high of $74.08.

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.