Ameriprise Financial Inc. Reduces Position in SPDR KBW Regional Banking (NYSEARCA:KRE)

Ameriprise Financial Inc. lowered its holdings in SPDR KBW Regional Banking (NYSEARCA:KRE) by 18.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 173,194 shares of the exchange traded fund’s stock after selling 38,390 shares during the quarter. Ameriprise Financial Inc. owned about 0.26% of SPDR KBW Regional Banking worth $9,836,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in SPDR KBW Regional Banking by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,591 shares of the exchange traded fund’s stock worth $307,000 after buying an additional 98 shares during the last quarter. Associated Banc Corp grew its stake in SPDR KBW Regional Banking by 1.6% during the 2nd quarter. Associated Banc Corp now owns 14,424 shares of the exchange traded fund’s stock worth $793,000 after buying an additional 225 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in SPDR KBW Regional Banking by 2.6% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,649 shares of the exchange traded fund’s stock worth $530,000 after buying an additional 249 shares during the last quarter. First Trust Advisors LP grew its stake in SPDR KBW Regional Banking by 1.6% during the 2nd quarter. First Trust Advisors LP now owns 17,023 shares of the exchange traded fund’s stock worth $935,000 after buying an additional 273 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its stake in SPDR KBW Regional Banking by 11.5% during the 2nd quarter. Jacobi Capital Management LLC now owns 3,025 shares of the exchange traded fund’s stock worth $168,000 after buying an additional 311 shares during the last quarter.

SPDR KBW Regional Banking (KRE) traded up $0.39 during trading hours on Friday, reaching $62.61. The company had a trading volume of 1,310,000 shares. The stock has a market cap of $4,670.00 and a P/E ratio of -86.96. SPDR KBW Regional Banking has a 12-month low of $49.31 and a 12-month high of $62.81.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were paid a dividend of $0.2463 per share. This represents a $0.99 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, December 15th. This is an increase from SPDR KBW Regional Banking’s previous quarterly dividend of $0.21. SPDR KBW Regional Banking’s dividend payout ratio (DPR) is currently -115.28%.

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SPDR KBW Regional Banking 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.

Institutional Ownership by Quarter for SPDR KBW Regional Banking (NYSEARCA:KRE)

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