Atom Investors LP Cuts Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Atom Investors LP trimmed its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 42.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 78,526 shares of the exchange traded fund’s stock after selling 58,063 shares during the quarter. Atom Investors LP’s holdings in SPDR S&P Regional Banking ETF were worth $4,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KRE. Mirae Asset Securities USA Inc. acquired a new position in SPDR S&P Regional Banking ETF during the 2nd quarter valued at approximately $36,825,000. DRW Securities LLC lifted its position in SPDR S&P Regional Banking ETF by 117.6% during the second quarter. DRW Securities LLC now owns 112,000 shares of the exchange traded fund’s stock valued at $5,499,000 after purchasing an additional 748,248 shares during the period. SG Americas Securities LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 1,414.4% in the second quarter. SG Americas Securities LLC now owns 700,479 shares of the exchange traded fund’s stock worth $34,394,000 after buying an additional 654,225 shares during the last quarter. Toronto Dominion Bank boosted its position in SPDR S&P Regional Banking ETF by 195.9% in the 2nd quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock worth $37,046,000 after purchasing an additional 499,500 shares in the last quarter. Finally, SMI Advisory Services LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $20,777,000.

SPDR S&P Regional Banking ETF Price Performance

KRE opened at $67.73 on Monday. The stock has a market cap of $3.62 billion, a P/E ratio of 8.36 and a beta of 1.56. The firm has a fifty day moving average price of $60.79 and a 200 day moving average price of $55.31. SPDR S&P Regional Banking ETF has a 1 year low of $44.65 and a 1 year high of $70.25.

SPDR S&P Regional Banking ETF 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.