Horizon Investments LLC Has $56,000 Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Horizon Investments LLC reduced its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 99.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 935 shares of the exchange traded fund’s stock after selling 615,281 shares during the quarter. Horizon Investments LLC’s holdings in SPDR S&P Regional Banking ETF were worth $56,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Gries Financial LLC purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $641,000. Truist Financial Corp boosted its holdings in SPDR S&P Regional Banking ETF by 2.0% during the fourth quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock worth $11,343,000 after purchasing an additional 3,762 shares during the last quarter. Empowered Funds LLC purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $1,550,000. Jones Financial Companies Lllp boosted its holdings in SPDR S&P Regional Banking ETF by 192.2% during the fourth quarter. Jones Financial Companies Lllp now owns 15,371 shares of the exchange traded fund’s stock worth $928,000 after purchasing an additional 10,110 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in SPDR S&P Regional Banking ETF by 25.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 2,251 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

SPDR S&P Regional Banking ETF stock opened at $57.29 on Friday. 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 stock has a market cap of $3.66 billion, a PE ratio of 12.46 and a beta of 1.09. The firm’s 50-day simple moving average is $61.39 and its 200 day simple moving average is $60.90.

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.