Crescent Grove Advisors LLC Has $370,000 Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Crescent Grove Advisors LLC cut its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 53.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,059 shares of the exchange traded fund’s stock after selling 8,191 shares during the quarter. Crescent Grove Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its position in SPDR S&P Regional Banking ETF by 1,772.5% in the 2nd quarter. Barclays PLC now owns 2,503,449 shares of the exchange traded fund’s stock worth $102,216,000 after purchasing an additional 2,653,130 shares during the last quarter. Sculptor Capital LP bought a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth about $84,199,000. Alaska Permanent Fund Corp lifted its holdings in shares of SPDR S&P Regional Banking ETF by 86.6% during the 3rd quarter. Alaska Permanent Fund Corp now owns 1,548,840 shares of the exchange traded fund’s stock worth $64,695,000 after acquiring an additional 718,735 shares during the period. Sessa Capital IM L.P. bought a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth about $18,290,000. Finally, Myriad Asset Management US LP bought a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $21,661,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE traded down $0.71 during midday trading on Tuesday, reaching $45.63. 3,970,601 shares of the company’s stock were exchanged, compared to its average volume of 14,967,320. The company’s 50 day simple moving average is $48.28 and its two-hundred day simple moving average is $47.15. The firm has a market capitalization of $2.32 billion, a PE ratio of 8.27 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 12 month low of $34.52 and a 12 month high of $54.47.

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.