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

LJI Wealth Management LLC lessened its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Clear Point Advisors Inc. bought a new position in SPDR S&P Regional Banking ETF in the first quarter worth approximately $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Regional Banking ETF in the 2nd quarter worth $50,000. Future Financial Wealth Managment LLC purchased a new position in SPDR S&P Regional Banking ETF during the third quarter valued at $58,000. Family Firm Inc. bought a new stake in SPDR S&P Regional Banking ETF during the second quarter valued at about $60,000. Finally, Bristlecone Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth about $68,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE traded up $0.01 during trading on Friday, hitting $65.84. The company had a trading volume of 13,443,744 shares, compared to its average volume of 14,518,589. SPDR S&P Regional Banking ETF has a 12 month low of $43.51 and a 12 month high of $67.96. The firm has a market capitalization of $3.52 billion, a P/E ratio of 8.36 and a beta of 1.56. The stock has a 50 day simple moving average of $58.62 and a 200 day simple moving average of $54.06.

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.