SPDR S&P Regional Banking ETF $KRE Shares Sold by Taylor & Morgan Wealth Management LLC

Taylor & Morgan Wealth Management LLC cut its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,668 shares of the exchange traded fund’s stock after selling 608 shares during the period. SPDR S&P Regional Banking ETF comprises about 0.7% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its 23rd largest position. Taylor & Morgan Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. SouthState Corp purchased a new position in shares of SPDR S&P Regional Banking ETF during the first quarter worth about $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $32,000. Heck Capital Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $32,000. Lowe Wealth Advisors LLC lifted its position in SPDR S&P Regional Banking ETF by 80.1% in the first quarter. Lowe Wealth Advisors LLC now owns 744 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 331 shares during the period. Finally, Oakworth Capital Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the first quarter valued at about $44,000.

SPDR S&P Regional Banking ETF Stock Down 0.3%

Shares of NYSEARCA:KRE opened at $64.99 on Friday. The company has a market cap of $3.58 billion, a P/E ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $70.25. The company has a 50-day moving average price of $62.85 and a 200 day moving average price of $58.60.

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.