SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel lessened its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,951 shares of the exchange traded fund’s stock after selling 8,787 shares during the quarter. Carnegie Investment Counsel’s holdings in SPDR S&P Regional Banking ETF were worth $6,575,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Main Management ETF Advisors LLC increased its position in SPDR S&P Regional Banking ETF by 2.6% during the second quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock worth $124,653,000 after purchasing an additional 63,750 shares during the last quarter. Toronto Dominion Bank boosted its holdings in SPDR S&P Regional Banking ETF by 195.9% in the second quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock valued at $37,046,000 after acquiring an additional 499,500 shares during the last quarter. Holocene Advisors LP grew its position in SPDR S&P Regional Banking ETF by 142.6% during the third quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock valued at $29,963,000 after acquiring an additional 311,147 shares during the period. EP Wealth Advisors LLC increased its stake in SPDR S&P Regional Banking ETF by 1,910.8% during the third quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock worth $25,461,000 after acquiring an additional 427,473 shares during the last quarter. Finally, SMI Advisory Services LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth about $20,777,000.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $63.07 on Friday. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a one year low of $45.46 and a one year high of $70.25. The company’s 50 day moving average price is $63.70 and its 200 day moving average price is $58.73.

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.