Stifel Financial Corp Sells 14,405 Shares of SPDR S&P Regional Banking ETF (KRE)

Stifel Financial Corp cut its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,929 shares of the exchange traded fund’s stock after selling 14,405 shares during the period. Stifel Financial Corp owned about 0.27% of SPDR S&P Regional Banking ETF worth $9,941,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in SPDR S&P Regional Banking ETF by 322.5% in the third quarter. JPMorgan Chase & Co. now owns 2,789,669 shares of the exchange traded fund’s stock valued at $157,422,000 after buying an additional 2,129,369 shares in the last quarter. Nomura Holdings Inc. raised its stake in SPDR S&P Regional Banking ETF by 393.1% in the second quarter. Nomura Holdings Inc. now owns 1,550,789 shares of the exchange traded fund’s stock valued at $85,148,000 after buying an additional 1,236,312 shares in the last quarter. Progeny 3 Inc. raised its stake in SPDR S&P Regional Banking ETF by 139.4% in the second quarter. Progeny 3 Inc. now owns 687,360 shares of the exchange traded fund’s stock valued at $10,633,000 after buying an additional 400,240 shares in the last quarter. MML Investors Services LLC acquired a new stake in SPDR S&P Regional Banking ETF in the second quarter valued at $9,412,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the second quarter worth about $7,187,000.

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) traded up $0.70 on Tuesday, hitting $59.52. The stock had a trading volume of 5,500,800 shares, compared to its average volume of 6,788,663. SPDR S&P Regional Banking ETF has a twelve month low of $49.31 and a twelve month high of $61.26.

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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.

Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

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