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

Envestnet Portfolio Solutions Inc. reduced its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 50.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,923 shares of the exchange traded fund’s stock after selling 8,108 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lowe Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $26,000. Valley Wealth Managers Inc. raised its holdings in shares of SPDR S&P Regional Banking ETF by 22,750.0% during the fourth quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 455 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $32,000. Finally, JFS Wealth Advisors LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 295.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 945 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 706 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $58.25 on Wednesday. The business has a fifty day moving average price of $61.29 and a 200 day moving average price of $60.99. The company has a market cap of $3.73 billion, a P/E ratio of 12.46 and a beta of 1.09. SPDR S&P Regional Banking ETF has a one year low of $45.46 and a one year high of $70.25.

SPDR S&P Regional Banking ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th will be given a $0.3782 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.