Advantage Trust Co Sells 4,500 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Advantage Trust Co decreased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 64.3% in the third quarter, Holdings Channel reports. The firm owned 2,500 shares of the exchange traded fund’s stock after selling 4,500 shares during the period. Advantage Trust Co’s holdings in SPDR S&P Regional Banking ETF were worth $142,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Beaird Harris Wealth Management LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 12.5% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,920 shares of the exchange traded fund’s stock valued at $97,000 after buying an additional 214 shares during the period. Farther Finance Advisors LLC increased its position in SPDR S&P Regional Banking ETF by 4.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,641 shares of the exchange traded fund’s stock valued at $276,000 after purchasing an additional 251 shares during the period. SPC Financial Inc. increased its position in SPDR S&P Regional Banking ETF by 2.5% during the 3rd quarter. SPC Financial Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $708,000 after purchasing an additional 300 shares during the period. Robinson Value Management Ltd. raised its holdings in shares of SPDR S&P Regional Banking ETF by 1.3% in the 3rd quarter. Robinson Value Management Ltd. now owns 24,718 shares of the exchange traded fund’s stock valued at $1,399,000 after purchasing an additional 323 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of SPDR S&P Regional Banking ETF by 2.3% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 18,619 shares of the exchange traded fund’s stock worth $914,000 after purchasing an additional 427 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE traded up $0.35 during midday trading on Friday, hitting $64.98. 18,268,752 shares of the company traded hands, compared to its average volume of 14,510,791. SPDR S&P Regional Banking ETF has a 52 week low of $40.76 and a 52 week high of $67.12. The company’s 50-day simple moving average is $57.63 and its 200-day simple moving average is $53.47. The company has a market cap of $3.47 billion, a PE ratio of 8.36 and a beta of 1.56.

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.