Stifel Financial Corp Sells 5,217 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Stifel Financial Corp decreased its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,147 shares of the exchange traded fund’s stock after selling 5,217 shares during the quarter. Stifel Financial Corp owned approximately 0.25% of SPDR S&P Regional Banking ETF worth $7,480,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KRE. Silver Lake Advisory LLC bought a new position in SPDR S&P Regional Banking ETF during the second quarter worth about $229,000. Miracle Mile Advisors LLC bought a new position in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $210,000. Carnegie Investment Counsel increased its holdings in SPDR S&P Regional Banking ETF by 18.6% during the second quarter. Carnegie Investment Counsel now owns 120,660 shares of the exchange traded fund’s stock worth $5,924,000 after buying an additional 18,903 shares during the last quarter. Capital Investment Counsel Inc lifted its stake in SPDR S&P Regional Banking ETF by 26.7% in the 2nd quarter. Capital Investment Counsel Inc now owns 29,015 shares of the exchange traded fund’s stock valued at $1,425,000 after purchasing an additional 6,115 shares during the last quarter. Finally, NewSquare Capital LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 4.6% during the 2nd quarter. NewSquare Capital LLC now owns 161,324 shares of the exchange traded fund’s stock worth $7,921,000 after acquiring an additional 7,071 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $65.00 on Friday. SPDR S&P Regional Banking ETF has a one year low of $45.46 and a one year high of $70.25. The company has a market cap of $3.47 billion, a P/E ratio of 8.36 and a beta of 1.56. The firm’s fifty day moving average price is $62.68 and its two-hundred day moving average price is $56.27.

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.