Taylor & Morgan Wealth Management LLC Has $1.41 Million Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Taylor & Morgan Wealth Management LLC trimmed its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,854 shares of the exchange traded fund’s stock after selling 781 shares during the quarter. SPDR S&P Regional Banking ETF comprises about 0.9% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its 18th biggest position. Taylor & Morgan Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Clear Point Advisors Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the first quarter worth $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P Regional Banking ETF during the second quarter valued at about $50,000. Future Financial Wealth Managment LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at about $58,000. Family Firm Inc. bought a new position in shares of SPDR S&P Regional Banking ETF during the second quarter valued at about $60,000. Finally, Woodmont Investment Counsel LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the first quarter valued at about $63,000.

SPDR S&P Regional Banking ETF Trading Up 2.0 %

Shares of KRE traded up $1.18 during trading hours on Monday, reaching $59.08. 6,206,414 shares of the stock traded hands, compared to its average volume of 14,150,931. The stock has a fifty day simple moving average of $56.70 and a 200 day simple moving average of $52.52. SPDR S&P Regional Banking ETF has a 52 week low of $38.83 and a 52 week high of $60.61. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

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.