Grassi Investment Management Lowers Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Grassi Investment Management cut its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 75.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,800 shares of the exchange traded fund’s stock after selling 24,295 shares during the quarter. Grassi Investment Management’s holdings in SPDR S&P Regional Banking ETF were worth $471,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Lowe Wealth Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $25,000. Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $57,000. Future Financial Wealth Managment LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $58,000. Bristlecone Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $68,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SPDR S&P Regional Banking ETF by 106.4% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,105 shares of the exchange traded fund’s stock valued at $119,000 after buying an additional 1,085 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Up 0.8 %

Shares of NYSEARCA KRE traded up $0.49 during trading hours on Monday, reaching $58.80. 8,755,133 shares of the stock traded hands, compared to its average volume of 11,459,373. The company has a market capitalization of $3.14 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25. The company’s 50-day simple moving average is $63.81 and its two-hundred day simple moving average is $58.41.

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.