Cumberland Advisors Inc. raised its holdings in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) by 4.8% in the 4th quarter, Holdings Channel reports. The fund owned 102,380 shares of the exchange traded fund’s stock after purchasing an additional 4,670 shares during the quarter. SPDR KBW Regional Banking makes up approximately 3.3% of Cumberland Advisors Inc.’s holdings, making the stock its 9th largest holding. Cumberland Advisors Inc.’s holdings in SPDR KBW Regional Banking were worth $6,025,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KRE. The Manufacturers Life Insurance Company increased its position in shares of SPDR KBW Regional Banking by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,591 shares of the exchange traded fund’s stock valued at $307,000 after buying an additional 98 shares in the last quarter. Associated Banc Corp increased its position in shares of SPDR KBW Regional Banking by 1.6% in the 2nd quarter. Associated Banc Corp now owns 14,424 shares of the exchange traded fund’s stock valued at $793,000 after buying an additional 225 shares in the last quarter. First Trust Advisors LP increased its position in shares of SPDR KBW Regional Banking by 1.6% in the 2nd quarter. First Trust Advisors LP now owns 17,023 shares of the exchange traded fund’s stock valued at $935,000 after buying an additional 273 shares in the last quarter. Stephens Inc. AR increased its position in shares of SPDR KBW Regional Banking by 0.7% in the 2nd quarter. Stephens Inc. AR now owns 49,821 shares of the exchange traded fund’s stock valued at $2,738,000 after buying an additional 332 shares in the last quarter. Finally, M&R Capital Management Inc. increased its position in shares of SPDR KBW Regional Banking by 1.5% in the 2nd quarter. M&R Capital Management Inc. now owns 25,925 shares of the exchange traded fund’s stock valued at $1,355,000 after buying an additional 380 shares in the last quarter.

SPDR KBW Regional Banking (NYSEARCA:KRE) traded up $1.22 on Tuesday, hitting $60.93. 6,448,900 shares of the company were exchanged, compared to its average volume of 5,420,740. SPDR KBW Regional Banking has a 1-year low of $49.31 and a 1-year high of $61.26. The company has a market cap of $4,500.00 and a PE ratio of -84.63.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were given a $0.2463 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from SPDR KBW Regional Banking’s previous quarterly dividend of $0.21. SPDR KBW Regional Banking’s dividend payout ratio is currently -115.28%.

TRADEMARK VIOLATION NOTICE: “Cumberland Advisors Inc. Raises Holdings in SPDR KBW Regional Banking (KRE)” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://theolympiareport.com/2018/01/09/cumberland-advisors-inc-raises-holdings-in-spdr-kbw-regional-banking-kre.html.

About SPDR KBW Regional Banking

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.

Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR KBW Regional Banking (NYSEARCA:KRE).

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