Valley National Advisers Inc. Sells 1,135 Shares of SPDR S&P Regional Banking ETF $KRE

Valley National Advisers Inc. lowered its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 22.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,909 shares of the exchange traded fund’s stock after selling 1,135 shares during the quarter. Valley National Advisers Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legend Financial Advisors Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the second quarter valued at about $25,000. SouthState Corp purchased a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at about $27,000. Oakworth Capital Inc. bought a new stake in SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $44,000. Provident Wealth Management LLC purchased a new stake in SPDR S&P Regional Banking ETF in the first quarter worth approximately $51,000. Finally, Trust Co. of Vermont purchased a new stake in SPDR S&P Regional Banking ETF in the second quarter worth approximately $53,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $64.09 on Tuesday. The stock has a market capitalization of $3.94 billion, a P/E ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $70.25. The firm’s 50 day simple moving average is $63.25 and its two-hundred day simple moving average is $59.31.

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.