26,004 SPDR S&P Regional Banking ETF $KRE Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC cut its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 68.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,936 shares of the exchange traded fund’s stock after selling 26,004 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR S&P Regional Banking ETF were worth $829,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its stake in SPDR S&P Regional Banking ETF by 17.3% during the 1st quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock worth $147,640,000 after purchasing an additional 333,799 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at about $83,392,000. IMC Chicago LLC grew its position in shares of SPDR S&P Regional Banking ETF by 164.2% during the second quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock worth $42,552,000 after buying an additional 353,319 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the second quarter worth about $33,267,000. Finally, Cetera Investment Advisers grew its position in shares of SPDR S&P Regional Banking ETF by 11.6% during the first quarter. Cetera Investment Advisers now owns 272,998 shares of the exchange traded fund’s stock worth $17,786,000 after buying an additional 28,390 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

KRE stock opened at $72.46 on Friday. The company’s 50 day moving average price is $72.31 and its 200 day moving average price is $72.27. SPDR S&P Regional Banking ETF has a fifty-two week low of $58.20 and a fifty-two week high of $78.35. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 12.39 and a beta of 0.87.

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.