SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,000 shares of the exchange traded fund’s stock after selling 3,000 shares during the period. Franklin Resources Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $1,328,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Gries Financial LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $641,000. Truist Financial Corp raised its holdings in SPDR S&P Regional Banking ETF by 2.0% in the fourth quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock valued at $11,343,000 after buying an additional 3,762 shares during the period. Empowered Funds LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $1,550,000. Jones Financial Companies Lllp grew its stake in SPDR S&P Regional Banking ETF by 192.2% during the fourth quarter. Jones Financial Companies Lllp now owns 15,371 shares of the exchange traded fund’s stock worth $928,000 after buying an additional 10,110 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in shares of SPDR S&P Regional Banking ETF by 25.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock worth $670,000 after acquiring an additional 2,251 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 1.7 %

NYSEARCA:KRE opened at $50.12 on Tuesday. The firm’s fifty day simple moving average is $57.86 and its 200 day simple moving average is $60.58. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 12.74 and a beta of 1.09.

About SPDR S&P Regional Banking ETF

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.