Grassi Investment Management Has $471,000 Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Grassi Investment Management trimmed its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 75.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,800 shares of the exchange traded fund’s stock after selling 24,295 shares during the period. Grassi Investment Management’s holdings in SPDR S&P Regional Banking ETF were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wedmont Private Capital acquired a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $1,367,000. Trust Co. of Toledo NA OH raised its stake in SPDR S&P Regional Banking ETF by 4.7% during the fourth quarter. Trust Co. of Toledo NA OH now owns 4,299 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 193 shares in the last quarter. Lowe Wealth Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $25,000. HBW Advisory Services LLC raised its stake in SPDR S&P Regional Banking ETF by 21.4% during the fourth quarter. HBW Advisory Services LLC now owns 8,373 shares of the exchange traded fund’s stock worth $505,000 after acquiring an additional 1,478 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $563,000.

SPDR S&P Regional Banking ETF Trading Up 0.8 %

NYSEARCA KRE traded up $0.49 during trading on Monday, hitting $58.80. 8,755,133 shares of the company’s stock were exchanged, compared to its average volume of 11,459,373. The stock’s 50 day moving average price is $63.81 and its two-hundred day moving average price is $58.41. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The company has a market cap of $3.14 billion, a PE ratio of 8.36 and a beta of 1.56.

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.