Meadow Creek Investment Management LLC reduced its stake in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) by 41.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,472 shares of the exchange traded fund’s stock after selling 11,072 shares during the period. Meadow Creek Investment Management LLC’s holdings in SPDR KBW Regional Banking were worth $911,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Opera Trading Capital bought a new stake in SPDR KBW Regional Banking during the 4th quarter valued at approximately $100,000. Maltese Capital Management LLC bought a new stake in SPDR KBW Regional Banking during the 4th quarter valued at approximately $102,000. Barrett Asset Management LLC bought a new stake in SPDR KBW Regional Banking during the 4th quarter valued at approximately $185,000. Family Firm Inc. bought a new stake in SPDR KBW Regional Banking during the 4th quarter valued at approximately $201,000. Finally, Edge Wealth Management LLC raised its stake in SPDR KBW Regional Banking by 70.9% during the 4th quarter. Edge Wealth Management LLC now owns 3,435 shares of the exchange traded fund’s stock valued at $202,000 after purchasing an additional 1,425 shares during the period.

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Shares of SPDR KBW Regional Banking stock opened at $63.34 on Thursday. The stock has a market capitalization of $5,340.00 and a P/E ratio of -87.97. SPDR KBW Regional Banking has a 12 month low of $49.31 and a 12 month high of $65.33.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, March 19th were paid a $0.2038 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, March 16th. SPDR KBW Regional Banking’s payout ratio is -119.44%.

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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.

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

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