LJI Wealth Management LLC Lowers Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

LJI Wealth Management LLC lowered its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,717 shares of the exchange traded fund’s stock after selling 600 shares during the period. LJI Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $946,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Oppenheimer & Co. Inc. boosted its stake in shares of SPDR S&P Regional Banking ETF by 258.1% in the third quarter. Oppenheimer & Co. Inc. now owns 99,222 shares of the exchange traded fund’s stock worth $5,616,000 after acquiring an additional 71,511 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter valued at approximately $565,000. Patten & Patten Inc. TN lifted its holdings in SPDR S&P Regional Banking ETF by 10.1% in the 3rd quarter. Patten & Patten Inc. TN now owns 81,236 shares of the exchange traded fund’s stock worth $4,598,000 after purchasing an additional 7,465 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $856,000. Finally, Sigma Planning Corp purchased a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter valued at approximately $211,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of SPDR S&P Regional Banking ETF stock traded up $0.01 on Friday, hitting $65.84. 13,443,744 shares of the company traded hands, compared to its average volume of 14,518,589. SPDR S&P Regional Banking ETF has a 52 week low of $43.51 and a 52 week high of $67.96. The business has a 50-day simple moving average of $58.62 and a 200 day simple moving average of $54.06. The stock has a market capitalization of $3.52 billion, a P/E ratio of 8.36 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.