Rhino Investment Partners Inc Decreases Stake in SPDR S&P Regional Banking ETF $KRE

Rhino Investment Partners Inc decreased its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 74.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,048 shares of the exchange traded fund’s stock after selling 259,149 shares during the quarter. SPDR S&P Regional Banking ETF comprises approximately 1.7% of Rhino Investment Partners Inc’s portfolio, making the stock its 27th biggest holding. Rhino Investment Partners Inc owned about 0.15% of SPDR S&P Regional Banking ETF worth $5,932,000 as of its most recent SEC filing.

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

SPDR S&P Regional Banking ETF Trading Up 1.7%

Shares of SPDR S&P Regional Banking ETF stock opened at $76.79 on Wednesday. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $78.10. The stock has a market cap of $4.55 billion, a PE ratio of 12.39 and a beta of 0.84. The company has a 50-day moving average of $73.00 and a two-hundred day moving average of $69.82.

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.