GM Advisory Group LLC Cuts Position in SPDR S&P Regional Banking ETF $KRE

GM Advisory Group LLC lowered its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 62.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,486 shares of the exchange traded fund’s stock after selling 17,153 shares during the quarter. GM Advisory Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $664,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in KRE. Two Sigma Investments LP increased its holdings in shares of SPDR S&P Regional Banking ETF by 19.0% in the 3rd quarter. Two Sigma Investments LP now owns 3,919,400 shares of the exchange traded fund’s stock valued at $248,098,000 after purchasing an additional 626,836 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of SPDR S&P Regional Banking ETF by 9.3% in the third quarter. Bessemer Group Inc. now owns 2,187,419 shares of the exchange traded fund’s stock valued at $138,462,000 after purchasing an additional 185,920 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in SPDR S&P Regional Banking ETF during the third quarter worth about $104,441,000. Jump Financial LLC purchased a new stake in SPDR S&P Regional Banking ETF during the third quarter worth about $46,715,000. Finally, Nan Shan Life Insurance Co. Ltd. grew its position in SPDR S&P Regional Banking ETF by 3,515.3% during the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock worth $41,243,000 after buying an additional 633,522 shares during the period.

SPDR S&P Regional Banking ETF Trading Down 1.3%

Shares of SPDR S&P Regional Banking ETF stock opened at $62.62 on Thursday. The company has a 50-day moving average of $68.41 and a two-hundred day moving average of $65.22. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $74.08. The stock has a market cap of $3.91 billion, a PE ratio of 12.39 and a beta of 0.90.

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.