51,657 Shares in SPDR S&P Regional Banking ETF (KRE) Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 51,657 shares of the exchange traded fund’s stock, valued at approximately $2,417,000. Sowell Financial Services LLC owned approximately 0.11% of SPDR S&P Regional Banking ETF as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Aspire Private Capital LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $35,000. Global Retirement Partners LLC raised its position in shares of SPDR S&P Regional Banking ETF by 48.7% in the 4th quarter. Global Retirement Partners LLC now owns 4,711 shares of the exchange traded fund’s stock worth $220,000 after purchasing an additional 1,542 shares during the last quarter. Ashford Capital Management Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $1,521,000. Phocas Financial Corp. purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $120,000. Finally, Wakefield Asset Management LLLP purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $720,000.

NYSEARCA:KRE traded down $0.68 during mid-day trading on Friday, reaching $54.28. The company’s stock had a trading volume of 12,082,378 shares, compared to its average volume of 8,520,109. SPDR S&P Regional Banking ETF has a 12-month low of $43.95 and a 12-month high of $66.04.

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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.

Further Reading: Understanding each part of a balance sheet

Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

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