Harbour Trust & Investment Management Co Lowers Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Harbour Trust & Investment Management Co cut its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,927 shares of the exchange traded fund’s stock after selling 895 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in SPDR S&P Regional Banking ETF were worth $1,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Clear Point Advisors Inc. purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $44,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $50,000. Future Financial Wealth Managment LLC purchased a new position in SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $58,000. Family Firm Inc. purchased a new position in SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $60,000. Finally, Woodmont Investment Counsel LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth approximately $63,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $58.96 on Friday. The company has a 50 day simple moving average of $56.64 and a 200-day simple moving average of $52.40. The company has a market capitalization of $3.15 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 1 year low of $37.66 and a 1 year high of $60.61.

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.