Sowell Financial Services LLC Boosts Stock Position in SPDR S&P Regional Banking ETF $KRE

Sowell Financial Services LLC increased its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 541.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 37,940 shares of the exchange traded fund’s stock after acquiring an additional 32,028 shares during the period. Sowell Financial Services LLC’s holdings in SPDR S&P Regional Banking ETF were worth $2,840,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Arax Advisory Partners purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter valued at $25,000. MWA Asset Management acquired a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth about $46,000. UMB Bank n.a. acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $52,000. Assetmark Inc. lifted its stake in SPDR S&P Regional Banking ETF by 207.0% in the 4th quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 714 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 4th quarter worth about $70,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $77.38 on Thursday. The business has a 50 day simple moving average of $74.63 and a two-hundred day simple moving average of $70.50. The stock has a market capitalization of $4.71 billion, a P/E ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 12 month low of $57.55 and a 12 month high of $78.35.

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.