Institute for Wealth Management LLC. Sells 1,387 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Institute for Wealth Management LLC. trimmed its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,739 shares of the exchange traded fund’s stock after selling 1,387 shares during the quarter. Institute for Wealth Management LLC.’s holdings in SPDR S&P Regional Banking ETF were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its position in SPDR S&P Regional Banking ETF by 219.5% during the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock worth $69,000 after acquiring an additional 900 shares during the last quarter. Valeo Financial Advisors LLC grew its position in SPDR S&P Regional Banking ETF by 5.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 9,179 shares of the exchange traded fund’s stock worth $481,000 after acquiring an additional 456 shares during the last quarter. International Assets Investment Management LLC grew its position in SPDR S&P Regional Banking ETF by 3,228.6% during the 4th quarter. International Assets Investment Management LLC now owns 272,144 shares of the exchange traded fund’s stock worth $14,269,000 after acquiring an additional 263,968 shares during the last quarter. VELA Investment Management LLC grew its position in SPDR S&P Regional Banking ETF by 20.5% during the 3rd quarter. VELA Investment Management LLC now owns 17,603 shares of the exchange traded fund’s stock worth $735,000 after acquiring an additional 2,994 shares during the last quarter. Finally, SOL Capital Management CO grew its position in SPDR S&P Regional Banking ETF by 15.1% during the 4th quarter. SOL Capital Management CO now owns 19,440 shares of the exchange traded fund’s stock worth $1,019,000 after acquiring an additional 2,550 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

KRE opened at $47.32 on Friday. The stock’s 50 day simple moving average is $48.21 and its 200 day simple moving average is $47.21. SPDR S&P Regional Banking ETF has a 1 year low of $34.52 and a 1 year high of $54.47. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 8.27 and a beta of 1.56.

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.