SPDR S&P Regional Banking ETF $KRE Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. trimmed its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 29.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,438 shares of the exchange traded fund’s stock after selling 57,508 shares during the quarter. Valley Wealth Managers Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $9,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KRE. MGO One Seven LLC raised its stake in SPDR S&P Regional Banking ETF by 4.3% in the fourth quarter. MGO One Seven LLC now owns 3,771 shares of the exchange traded fund’s stock valued at $244,000 after buying an additional 156 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in SPDR S&P Regional Banking ETF by 3.8% in the fourth quarter. Apollon Wealth Management LLC now owns 4,842 shares of the exchange traded fund’s stock worth $314,000 after acquiring an additional 178 shares in the last quarter. Toth Financial Advisory Corp grew its stake in shares of SPDR S&P Regional Banking ETF by 2.9% during the fourth quarter. Toth Financial Advisory Corp now owns 6,579 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 188 shares during the last quarter. IFG Advisory LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 2.3% during the fourth quarter. IFG Advisory LLC now owns 8,581 shares of the exchange traded fund’s stock worth $556,000 after acquiring an additional 189 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of SPDR S&P Regional Banking ETF by 14.4% during the fourth quarter. Spire Wealth Management now owns 1,608 shares of the exchange traded fund’s stock valued at $104,000 after acquiring an additional 203 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Down 1.6%

KRE opened at $76.69 on Friday. The company has a market cap of $4.84 billion, a P/E ratio of 12.39 and a beta of 0.84. The firm’s 50-day moving average price is $71.87 and its 200-day moving average price is $69.30. SPDR S&P Regional Banking ETF has a 52-week low of $57.55 and a 52-week high of $78.10.

About SPDR S&P Regional Banking ETF

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.