SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 45.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 84,943 shares of the exchange traded fund’s stock after selling 71,028 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $5,126,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Annandale Capital LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 241.2% during the fourth quarter. Annandale Capital LLC now owns 120,000 shares of the exchange traded fund’s stock worth $7,242,000 after buying an additional 205,000 shares during the period. KCM Investment Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $276,000. Arete Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $233,000. World Investment Advisors increased its position in shares of SPDR S&P Regional Banking ETF by 28.2% in the 4th quarter. World Investment Advisors now owns 36,702 shares of the exchange traded fund’s stock valued at $2,215,000 after purchasing an additional 8,079 shares during the last quarter. Finally, Scholtz & Company LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $4,809,000.

SPDR S&P Regional Banking ETF Trading Up 3.2 %

Shares of KRE stock opened at $52.37 on Wednesday. The company has a market cap of $3.06 billion, a P/E ratio of 11.38 and a beta of 0.93. The firm has a fifty day moving average price of $56.30 and a 200 day moving average price of $60.38. SPDR S&P Regional Banking ETF has a 12 month low of $45.76 and a 12 month high of $70.25.

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.