Sowell Financial Services LLC Increases Position in SPDR S&P Regional Banking ETF $KRE

Sowell Financial Services LLC lifted its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 541.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,940 shares of the exchange traded fund’s stock after acquiring an additional 32,028 shares during the period. Sowell Financial Services LLC owned 0.06% of SPDR S&P Regional Banking ETF worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cresset Asset Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the second quarter valued at about $343,000. Cerity Partners LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 0.7% during the second quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock worth $4,413,000 after purchasing an additional 505 shares during the period. Engineers Gate Manager LP purchased a new stake in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $2,058,000. HRT Financial LP purchased a new stake in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $2,900,000. Finally, Man Group plc increased its holdings in SPDR S&P Regional Banking ETF by 607.1% in the 2nd quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock worth $2,891,000 after buying an additional 58,281 shares during the period.

SPDR S&P Regional Banking ETF Trading Up 0.7%

KRE opened at $77.38 on Thursday. The firm has a 50 day moving average of $74.63 and a two-hundred day moving average of $70.50. The firm has a market capitalization of $4.71 billion, a PE ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $78.35.

About SPDR S&P Regional Banking ETF

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.