PNC Financial Services Group Inc. Reduces Holdings in SPDR S&P Regional Banking ETF $KRE

PNC Financial Services Group Inc. lessened its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 6.2% during the first quarter, Holdings Channel reports. The institutional investor owned 162,173 shares of the exchange traded fund’s stock after selling 10,811 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $10,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arax Advisory Partners bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at about $25,000. MWA Asset Management bought a new position in SPDR S&P Regional Banking ETF during the first quarter worth about $46,000. UMB Bank n.a. bought a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $52,000. Assetmark Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 207.0% in the fourth quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $69,000 after purchasing an additional 714 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $70,000.

SPDR S&P Regional Banking ETF Stock Up 0.8%

NYSEARCA KRE opened at $75.73 on Friday. The company’s 50 day moving average is $72.66 and its 200-day moving average is $69.67. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $78.10. The firm has a market cap of $4.73 billion, a P/E ratio of 12.39 and a beta of 0.84.

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.