SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 24.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 341,394 shares of the exchange traded fund’s stock after selling 111,209 shares during the period. Capstone Investment Advisors LLC owned 0.64% of SPDR S&P Regional Banking ETF worth $19,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR S&P Regional Banking ETF during the second quarter worth $50,000. Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth $57,000. Future Financial Wealth Managment LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth about $58,000. Family Firm Inc. purchased a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $60,000. Finally, Bristlecone Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF in the third quarter valued at about $68,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock opened at $67.94 on Friday. The company has a 50-day moving average of $60.41 and a two-hundred day moving average of $55.07. The firm has a market cap of $3.63 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 1-year low of $43.51 and a 1-year high of $70.25.

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.