Rhino Investment Partners Inc Trims Position in SPDR S&P Regional Banking ETF $KRE

Rhino Investment Partners Inc lowered its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 74.0% during the first quarter, Holdings Channel reports. The fund owned 91,048 shares of the exchange traded fund’s stock after selling 259,149 shares during the quarter. SPDR S&P Regional Banking ETF makes up approximately 1.7% of Rhino Investment Partners Inc’s investment portfolio, making the stock its 27th biggest position. Rhino Investment Partners Inc’s holdings in SPDR S&P Regional Banking ETF were worth $5,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRE. Arax Advisory Partners acquired a new position in SPDR S&P Regional Banking ETF in the 4th quarter valued at $25,000. MWA Asset Management purchased a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth $46,000. UMB Bank n.a. acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $52,000. Assetmark Inc. grew its position in shares of SPDR S&P Regional Banking ETF by 207.0% in the fourth quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 714 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at $70,000.

SPDR S&P Regional Banking ETF Trading Up 1.7%

Shares of NYSEARCA:KRE opened at $76.79 on Wednesday. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The stock’s 50-day moving average price is $73.00 and its two-hundred day moving average price is $69.82. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $78.10.

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.