Primoris Wealth Advisors LLC Lowers Stake in SPDR S&P Regional Banking ETF $KRE

Primoris Wealth Advisors LLC lessened its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 87.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,650 shares of the exchange traded fund’s stock after selling 38,850 shares during the period. Primoris Wealth Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Verity Asset Management Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at about $377,000. Wealth High Governance Capital Ltda purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at about $11,865,000. Samalin Investment Counsel LLC grew its position in SPDR S&P Regional Banking ETF by 8.4% during the fourth quarter. Samalin Investment Counsel LLC now owns 6,933 shares of the exchange traded fund’s stock valued at $449,000 after acquiring an additional 535 shares during the period. Lee Danner & Bass Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at about $434,000. Finally, Concurrent Investment Advisors LLC grew its position in SPDR S&P Regional Banking ETF by 101.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 9,603 shares of the exchange traded fund’s stock valued at $622,000 after acquiring an additional 4,829 shares during the period.

SPDR S&P Regional Banking ETF Trading Down 1.2%

KRE stock opened at $68.99 on Tuesday. The stock has a 50-day moving average price of $66.98 and a two-hundred day moving average price of $65.94. The company has a market cap of $4.15 billion, a PE ratio of 12.39 and a beta of 0.86. SPDR S&P Regional Banking ETF has a 12-month low of $55.05 and a 12-month high of $74.08.

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.