Wedbush Securities Inc. Trims Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Wedbush Securities Inc. lessened its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 40.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,367 shares of the exchange traded fund’s stock after selling 2,308 shares during the quarter. Wedbush Securities Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KRE. Lowe Wealth Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $26,000. Valley Wealth Managers Inc. grew its position in shares of SPDR S&P Regional Banking ETF by 22,750.0% during the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 455 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $32,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $54,000.

SPDR S&P Regional Banking ETF Trading Down 6.1 %

NYSEARCA KRE opened at $49.40 on Friday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 12.74 and a beta of 1.09. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The stock has a 50-day moving average of $58.45 and a 200 day moving average of $60.63.

SPDR S&P Regional Banking ETF 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.