Proffitt & Goodson Inc. Sells 7,744 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Proffitt & Goodson Inc. reduced its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 21.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,393 shares of the exchange traded fund’s stock after selling 7,744 shares during the quarter. Proffitt & Goodson Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $1,614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. MGO One Seven LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 5.1% during the 4th quarter. MGO One Seven LLC now owns 4,178 shares of the exchange traded fund’s stock worth $252,000 after buying an additional 201 shares during the last quarter. Benchmark Investment Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 1.6% during the 4th quarter. Benchmark Investment Advisors LLC now owns 16,143 shares of the exchange traded fund’s stock worth $974,000 after buying an additional 255 shares during the last quarter. Lowe Wealth Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 80.1% during the 1st quarter. Lowe Wealth Advisors LLC now owns 744 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 331 shares during the last quarter. 1858 Wealth Management LLC raised its position in SPDR S&P Regional Banking ETF by 2.1% in the first quarter. 1858 Wealth Management LLC now owns 16,788 shares of the exchange traded fund’s stock valued at $954,000 after purchasing an additional 344 shares during the last quarter. Finally, Cascade Financial Partners LLC raised its position in SPDR S&P Regional Banking ETF by 7.3% in the fourth quarter. Cascade Financial Partners LLC now owns 5,878 shares of the exchange traded fund’s stock valued at $355,000 after purchasing an additional 400 shares during the last quarter.

SPDR S&P Regional Banking ETF Trading Up 1.2%

SPDR S&P Regional Banking ETF stock opened at $63.23 on Friday. The company has a market capitalization of $3.35 billion, a PE ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 12 month low of $47.06 and a 12 month high of $70.25. The stock has a 50-day moving average price of $57.67 and a two-hundred day moving average price of $58.39.

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.