SPDR S&P Regional Banking ETF $KRE Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC decreased its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 84.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,968 shares of the exchange traded fund’s stock after selling 31,972 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR S&P Regional Banking ETF were worth $414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 3.9% during the first quarter. Apollon Wealth Management LLC now owns 5,029 shares of the exchange traded fund’s stock worth $328,000 after buying an additional 187 shares during the last quarter. Evansbrook LLC lifted its holdings in SPDR S&P Regional Banking ETF by 3.9% in the first quarter. Evansbrook LLC now owns 5,290 shares of the exchange traded fund’s stock valued at $345,000 after buying an additional 200 shares during the period. KERR FINANCIAL PLANNING Corp boosted its stake in SPDR S&P Regional Banking ETF by 20.6% in the second quarter. KERR FINANCIAL PLANNING Corp now owns 1,206 shares of the exchange traded fund’s stock valued at $90,000 after acquiring an additional 206 shares during the last quarter. Fourth Dimension Wealth LLC boosted its stake in SPDR S&P Regional Banking ETF by 41.5% in the second quarter. Fourth Dimension Wealth LLC now owns 737 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 216 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in SPDR S&P Regional Banking ETF by 17.3% in the first quarter. Glenmede Trust Co. NA now owns 1,525 shares of the exchange traded fund’s stock valued at $99,000 after acquiring an additional 225 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

KRE opened at $72.88 on Wednesday. The company has a fifty day moving average price of $71.91 and a two-hundred day moving average price of $71.03. SPDR S&P Regional Banking ETF has a 52 week low of $58.20 and a 52 week high of $78.35. The firm has a market capitalization of $3.96 billion, a PE ratio of 12.39 and a beta of 0.87.

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.