IMC Chicago LLC Decreases Stake in SPDR S&P Regional Banking ETF $KRE

IMC Chicago LLC cut its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 21.5% in the 4th quarter, Holdings Channel reports. The fund owned 87,006 shares of the exchange traded fund’s stock after selling 23,872 shares during the period. IMC Chicago LLC’s holdings in SPDR S&P Regional Banking ETF were worth $5,639,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Lee Danner & Bass Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $434,000. Concurrent Investment Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 101.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 9,603 shares of the exchange traded fund’s stock worth $622,000 after purchasing an additional 4,829 shares during the last quarter. Riggs Asset Managment Co. Inc. bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $404,000. Financial Symmetry Inc bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $322,000. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 5.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 11,051 shares of the exchange traded fund’s stock worth $716,000 after purchasing an additional 600 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE stock opened at $69.85 on Friday. SPDR S&P Regional Banking ETF has a one year low of $53.71 and a one year high of $74.08. The company’s 50-day simple moving average is $66.98 and its 200-day simple moving average is $65.89. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 12.39 and a beta of 0.87.

About SPDR S&P Regional Banking ETF

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.