PNC Financial Services Group Inc. Sells 10,811 Shares of SPDR S&P Regional Banking ETF $KRE

PNC Financial Services Group Inc. decreased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 162,173 shares of the exchange traded fund’s stock after selling 10,811 shares during the period. PNC Financial Services Group Inc. owned 0.27% of SPDR S&P Regional Banking ETF worth $10,566,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KRE. Cassaday & Co Wealth Management LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the first quarter valued at approximately $84,000. MWA Asset Management bought a new stake in SPDR S&P Regional Banking ETF in the first quarter worth about $46,000. Eurizon Asset Management Hungary Ltd. bought a new stake in SPDR S&P Regional Banking ETF in the first quarter worth about $326,000. Bessemer Group Inc. raised its position in SPDR S&P Regional Banking ETF by 17.3% in the first quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock worth $147,640,000 after acquiring an additional 333,799 shares during the period. Finally, Independent Financial Group LLC purchased a new position in SPDR S&P Regional Banking ETF in the first quarter valued at about $832,000.

SPDR S&P Regional Banking ETF Stock Up 0.8%

SPDR S&P Regional Banking ETF stock opened at $75.73 on Friday. SPDR S&P Regional Banking ETF has a twelve month low of $57.55 and a twelve month high of $78.10. The firm has a 50 day moving average price of $72.66 and a 200-day moving average price of $69.67. The company has a market capitalization of $4.73 billion, a P/E ratio of 12.39 and a beta of 0.84.

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.