Grimes & Company Inc. Sells 137,783 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Grimes & Company Inc. lowered its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 96.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,447 shares of the exchange traded fund’s stock after selling 137,783 shares during the period. Grimes & Company Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its position in shares of SPDR S&P Regional Banking ETF by 219.5% in the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 900 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of SPDR S&P Regional Banking ETF by 5.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,179 shares of the exchange traded fund’s stock valued at $481,000 after buying an additional 456 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of SPDR S&P Regional Banking ETF by 3,228.6% in the 4th quarter. International Assets Investment Management LLC now owns 272,144 shares of the exchange traded fund’s stock valued at $14,269,000 after buying an additional 263,968 shares during the last quarter. Symmetry Investments LP acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $13,658,000. Finally, Cibc World Markets Corp acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $5,662,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE traded up $1.47 during midday trading on Friday, reaching $49.10. The company’s stock had a trading volume of 28,137,337 shares, compared to its average volume of 13,901,816. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The firm has a 50 day moving average price of $48.47 and a two-hundred day moving average price of $49.16. SPDR S&P Regional Banking ETF has a fifty-two week low of $37.66 and a fifty-two week high of $54.47.

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.