Alaska Permanent Fund Corp Has $10.46 Million Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Alaska Permanent Fund Corp trimmed its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 32.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 173,248 shares of the exchange traded fund’s stock after selling 83,710 shares during the period. Alaska Permanent Fund Corp’s holdings in SPDR S&P Regional Banking ETF were worth $10,456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Lowe Wealth Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at approximately $57,000. Future Financial Wealth Managment LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth $58,000. Bristlecone Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at $68,000. Finally, Armstrong Advisory Group Inc. raised its stake in SPDR S&P Regional Banking ETF by 25.7% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 255 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE opened at $62.73 on Thursday. The company’s fifty day moving average is $63.79 and its two-hundred day moving average is $58.60. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF 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.