Cambridge Investment Research Advisors Inc. reduced its stake in SPDR KBW Regional Banking (NYSE:KRE) by 38.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,066 shares of the exchange traded fund’s stock after selling 45,328 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in SPDR KBW Regional Banking were worth $3,905,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of KRE. Welch Group LLC purchased a new position in shares of SPDR KBW Regional Banking during the second quarter worth approximately $100,000. Peak Asset Management LLC purchased a new position in shares of SPDR KBW Regional Banking during the second quarter worth approximately $200,000. Howland Capital Management LLC purchased a new position in shares of SPDR KBW Regional Banking during the second quarter worth approximately $223,000. Allegis Investment Advisors LLC increased its position in shares of SPDR KBW Regional Banking by 0.6% in the second quarter. Allegis Investment Advisors LLC now owns 4,272 shares of the exchange traded fund’s stock worth $235,000 after buying an additional 26 shares during the last quarter. Finally, Strategic Financial Group LLC purchased a new position in shares of SPDR KBW Regional Banking during the second quarter worth approximately $238,000.

SPDR KBW Regional Banking (NYSE:KRE) opened at 51.85 on Wednesday. The company’s 50 day moving average is $54.04 and its 200-day moving average is $54.58. SPDR KBW Regional Banking has a 52 week low of $40.97 and a 52 week high of $59.68.

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About SPDR KBW Regional Banking

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.

Institutional Ownership by Quarter for SPDR KBW Regional Banking (NYSE:KRE)

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