Insight Wealth Strategies LLC Lowers Stake in SPDR S&P Regional Banking ETF $KRE

Insight Wealth Strategies LLC lessened its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 98.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,907 shares of the exchange traded fund’s stock after selling 243,119 shares during the period. Insight Wealth Strategies LLC’s holdings in SPDR S&P Regional Banking ETF were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in SPDR S&P Regional Banking ETF by 43.1% in the third quarter. GAMMA Investing LLC now owns 1,395 shares of the exchange traded fund’s stock valued at $97,000 after buying an additional 420 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 17.8% in the third quarter. Farther Finance Advisors LLC now owns 10,916 shares of the exchange traded fund’s stock valued at $758,000 after acquiring an additional 1,651 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 3,277.9% in the 3rd quarter. CoreCap Advisors LLC now owns 5,202 shares of the exchange traded fund’s stock worth $361,000 after acquiring an additional 5,048 shares in the last quarter. Venture Visionary Partners LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 4.7% in the 3rd quarter. Venture Visionary Partners LLC now owns 136,479 shares of the exchange traded fund’s stock worth $9,477,000 after acquiring an additional 6,108 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in SPDR S&P Regional Banking ETF by 33.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,475 shares of the exchange traded fund’s stock worth $560,000 after acquiring an additional 1,855 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Down 0.8%

KRE stock traded down $0.54 during midday trading on Friday, reaching $69.05. 4,711,156 shares of the company’s stock traded hands, compared to its average volume of 15,901,451. The company has a 50-day simple moving average of $73.83 and a two-hundred day simple moving average of $71.91. SPDR S&P Regional Banking ETF has a 1-year low of $57.55 and a 1-year high of $78.35. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 12.39 and a beta of 0.87.

SPDR S&P Regional Banking ETF Company 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.