Intrepid Financial Planning Group LLC Cuts Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Intrepid Financial Planning Group LLC lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,430 shares of the exchange traded fund’s stock after selling 561 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. EP Wealth Advisors LLC increased its holdings in shares of 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 valued at $25,461,000 after acquiring an additional 427,473 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $21,759,000. Holocene Advisors LP lifted its position in shares of SPDR S&P Regional Banking ETF by 142.6% during the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock valued at $29,963,000 after buying an additional 311,147 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $14,868,000. Finally, Quadrature Capital Ltd bought a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter valued at approximately $13,938,000.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $56.76 on Friday. SPDR S&P Regional Banking ETF has a 1 year low of $45.46 and a 1 year high of $70.25. The stock’s 50 day simple moving average is $61.62 and its two-hundred day simple moving average is $60.93. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 12.46 and a beta of 1.09.

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.