SPDR KBW Regional Banking (NYSE:KRE) Position Decreased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its position in SPDR KBW Regional Banking (NYSE:KRE) by 21.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,168 shares of the exchange traded fund’s stock after selling 13,926 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR KBW Regional Banking were worth $2,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Greenwood Capital Associates LLC raised its holdings in shares of SPDR KBW Regional Banking by 13.5% in the second quarter. Greenwood Capital Associates LLC now owns 48,317 shares of the exchange traded fund’s stock worth $2,655,000 after buying an additional 5,765 shares during the last quarter. Wellington Shields Capital Management LLC raised its holdings in shares of SPDR KBW Regional Banking by 0.4% in the second quarter. Wellington Shields Capital Management LLC now owns 12,020 shares of the exchange traded fund’s stock worth $660,000 after buying an additional 50 shares during the last quarter. Fagan Associates Inc. raised its holdings in shares of SPDR KBW Regional Banking by 2.8% in the second quarter. Fagan Associates Inc. now owns 28,521 shares of the exchange traded fund’s stock worth $1,567,000 after buying an additional 771 shares during the last quarter. Sand Hill Global Advisors LLC raised its holdings in shares of SPDR KBW Regional Banking by 2.8% in the second quarter. Sand Hill Global Advisors LLC now owns 562,304 shares of the exchange traded fund’s stock worth $30,899,000 after buying an additional 15,249 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of SPDR KBW Regional Banking by 6.4% during the second quarter. Cullen Frost Bankers Inc. now owns 145,189 shares of the exchange traded fund’s stock worth $7,978,000 after purchasing an additional 8,750 shares during the last quarter.

Shares of SPDR KBW Regional Banking (NYSE:KRE) traded up 0.73% on Monday, hitting $52.75. 944,934 shares of the company traded hands. SPDR KBW Regional Banking has a 12 month low of $40.97 and a 12 month high of $59.68. The stock’s 50-day moving average price is $52.69 and its 200-day moving average price is $54.04.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.2062 per share. This is an increase from SPDR KBW Regional Banking’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.82 annualized dividend and a dividend yield of 1.58%.

COPYRIGHT VIOLATION NOTICE: “SPDR KBW Regional Banking (NYSE:KRE) Position Decreased by Northwestern Mutual Wealth Management Co.” was first published by Week Herald and is owned by of Week Herald. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://weekherald.com/2017/09/18/spdr-kbw-regional-banking-kre-shares-sold-by-northwestern-mutual-wealth-management-co.html.

SPDR KBW Regional Banking 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.

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

Receive News & Ratings for SPDR KBW Regional Banking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR KBW Regional Banking and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply