Cullen Frost Bankers Inc. Decreases Stock Holdings in SPDR S&P Regional Banking ETF $KRE

Cullen Frost Bankers Inc. reduced its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 165,874 shares of the exchange traded fund’s stock after selling 7,713 shares during the period. Cullen Frost Bankers Inc. owned 0.27% of SPDR S&P Regional Banking ETF worth $10,750,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KRE. Allspring Global Investments Holdings LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $36,021,000. Envestnet Portfolio Solutions Inc. acquired a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $795,000. Great Hill Capital LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at about $1,582,000. Valley Wealth Managers Inc. boosted its holdings in SPDR S&P Regional Banking ETF by 19,594,500.0% in the fourth quarter. Valley Wealth Managers Inc. now owns 195,946 shares of the exchange traded fund’s stock worth $12,699,000 after acquiring an additional 195,945 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter worth about $3,355,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE stock opened at $69.17 on Thursday. SPDR S&P Regional Banking ETF has a fifty-two week low of $55.37 and a fifty-two week high of $74.08. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 12.39 and a beta of 0.86. The stock’s 50-day simple moving average is $67.15 and its 200-day simple moving average is $66.64.

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.