SPDR S&P Regional Banking ETF (KRE) Shares Sold by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co lessened its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 71.9% in the third quarter, HoldingsChannel reports. The firm owned 1,896,500 shares of the exchange traded fund’s stock after selling 4,843,000 shares during the quarter. SPDR S&P Regional Banking ETF accounts for about 3.3% of Varma Mutual Pension Insurance Co’s investment portfolio, making the stock its 9th largest position. Varma Mutual Pension Insurance Co’s holdings in SPDR S&P Regional Banking ETF were worth $112,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Peachtree Investment Advisors Inc. raised its stake in SPDR S&P Regional Banking ETF by 2.1% in the second quarter. Peachtree Investment Advisors Inc. now owns 40,160 shares of the exchange traded fund’s stock valued at $2,450,000 after purchasing an additional 810 shares in the last quarter. NEXT Financial Group Inc raised its stake in SPDR S&P Regional Banking ETF by 22.8% in the first quarter. NEXT Financial Group Inc now owns 4,389 shares of the exchange traded fund’s stock valued at $265,000 after purchasing an additional 815 shares in the last quarter. Peddock Capital Advisors LLC raised its stake in SPDR S&P Regional Banking ETF by 7.8% in the second quarter. Peddock Capital Advisors LLC now owns 11,341 shares of the exchange traded fund’s stock valued at $692,000 after purchasing an additional 823 shares in the last quarter. Cypress Capital Management LLC WY grew its position in SPDR S&P Regional Banking ETF by 55.9% in the second quarter. Cypress Capital Management LLC WY now owns 2,370 shares of the exchange traded fund’s stock valued at $145,000 after acquiring an additional 850 shares during the last quarter. Finally, Shepherd Financial Partners LLC grew its position in SPDR S&P Regional Banking ETF by 0.6% in the second quarter. Shepherd Financial Partners LLC now owns 147,246 shares of the exchange traded fund’s stock valued at $9,064,000 after acquiring an additional 855 shares during the last quarter.

SPDR S&P Regional Banking ETF stock traded up $0.12 during midday trading on Monday, reaching $56.18. The company’s stock had a trading volume of 987,859 shares, compared to its average volume of 6,112,748. SPDR S&P Regional Banking ETF has a 52 week low of $53.75 and a 52 week high of $66.04.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Monday, September 24th were given a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Friday, September 21st. This is a boost from SPDR S&P Regional Banking ETF’s previous quarterly dividend of $0.24.

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.

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Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Regional Banking ETF (NYSEARCA:KRE).

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

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