KG&L Capital Management LLC Sells 1,965 Shares of SPDR S&P Regional Banking ETF $KRE

KG&L Capital Management LLC lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,914 shares of the exchange traded fund’s stock after selling 1,965 shares during the period. KG&L Capital Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,183,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KRE. Legend Financial Advisors Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF in the 2nd quarter worth $25,000. Global Wealth Management LLC bought a new stake in SPDR S&P Regional Banking ETF during the second quarter valued at about $216,000. GAMMA Investing LLC increased its holdings in shares of SPDR S&P Regional Banking ETF by 283.9% in the second quarter. GAMMA Investing LLC now owns 975 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 721 shares during the last quarter. Sowell Financial Services LLC increased its stake in SPDR S&P Regional Banking ETF by 5.8% during the second quarter. Sowell Financial Services LLC now owns 48,287 shares of the exchange traded fund’s stock worth $2,868,000 after acquiring an additional 2,657 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 718.8% during the second quarter. Farther Finance Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock valued at $86,000 after buying an additional 1,265 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE opened at $64.19 on Friday. The stock has a 50 day moving average price of $63.16 and a 200 day moving average price of $59.02. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 52-week low of $47.06 and a 52-week high of $70.25.

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.