SPDR S&P Regional Banking ETF (KRE) Stake Lowered by Foothills Asset Management Ltd.

Foothills Asset Management Ltd. reduced its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,420 shares of the exchange traded fund’s stock after selling 1,130 shares during the quarter. SPDR S&P Regional Banking ETF comprises 2.0% of Foothills Asset Management Ltd.’s investment portfolio, making the stock its 17th biggest holding. Foothills Asset Management Ltd.’s holdings in SPDR S&P Regional Banking ETF were worth $2,639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $114,000. Solstein Capital LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $122,000. Cypress Capital Management LLC WY lifted its holdings in shares of SPDR S&P Regional Banking ETF by 55.9% in the 2nd quarter. Cypress Capital Management LLC WY now owns 2,370 shares of the exchange traded fund’s stock valued at $145,000 after buying an additional 850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $146,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 58.9% in the 2nd quarter. Global Retirement Partners LLC now owns 3,301 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 1,223 shares during the period.

Shares of KRE traded up $0.29 during mid-day trading on Wednesday, hitting $56.62. The company’s stock had a trading volume of 10,393,010 shares, compared to its average volume of 6,169,827. SPDR S&P Regional Banking ETF has a 1-year low of $53.75 and a 1-year high of $66.04.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 26th. Stockholders of record on Monday, September 24th were issued a $0.287 dividend. This is a boost from SPDR S&P Regional Banking ETF’s previous quarterly dividend of $0.24. This represents a $1.15 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Friday, September 21st.

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.

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

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