SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Sold by Taylor & Morgan Wealth Management LLC

Taylor & Morgan Wealth Management LLC cut its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 21.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,505 shares of the exchange traded fund’s stock after selling 5,349 shares during the period. SPDR S&P Regional Banking ETF accounts for approximately 0.8% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its 22nd biggest holding. Taylor & Morgan Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Toledo NA OH increased its stake in SPDR S&P Regional Banking ETF by 4.7% during the fourth quarter. Trust Co. of Toledo NA OH now owns 4,299 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 193 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in SPDR S&P Regional Banking ETF by 25.7% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after purchasing an additional 255 shares in the last quarter. SPC Financial Inc. raised its holdings in SPDR S&P Regional Banking ETF by 2.5% in the third quarter. SPC Financial Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $708,000 after buying an additional 300 shares during the period. Robinson Value Management Ltd. lifted its position in SPDR S&P Regional Banking ETF by 1.3% during the third quarter. Robinson Value Management Ltd. now owns 24,718 shares of the exchange traded fund’s stock valued at $1,399,000 after buying an additional 323 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth approximately $25,000.

SPDR S&P Regional Banking ETF Trading Up 1.5 %

Shares of KRE stock opened at $63.07 on Friday. The company has a market cap of $3.37 billion, a PE ratio of 8.36 and a beta of 1.56. The company’s fifty day simple moving average is $63.70 and its 200-day simple moving average is $58.79. SPDR S&P Regional Banking ETF has a 52 week low of $45.46 and a 52 week high of $70.25.

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.