ProVise Management Group LLC Sells 278 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

ProVise Management Group LLC trimmed its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,733 shares of the exchange traded fund’s stock after selling 278 shares during the quarter. ProVise Management Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in shares of SPDR S&P Regional Banking ETF by 131.2% during the 4th quarter. Bank of Montreal Can now owns 83,456 shares of the exchange traded fund’s stock valued at $3,906,000 after acquiring an additional 47,363 shares during the last quarter. Wedbush Securities Inc. boosted its stake in SPDR S&P Regional Banking ETF by 14.8% in the 4th quarter. Wedbush Securities Inc. now owns 9,060 shares of the exchange traded fund’s stock worth $424,000 after purchasing an additional 1,165 shares during the period. Beacon Pointe Wealth Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth $207,000. IPG Investment Advisors LLC boosted its stake in SPDR S&P Regional Banking ETF by 20.7% in the 4th quarter. IPG Investment Advisors LLC now owns 12,170 shares of the exchange traded fund’s stock worth $569,000 after purchasing an additional 2,090 shares during the period. Finally, Goodman Financial Corp boosted its stake in SPDR S&P Regional Banking ETF by 1.5% in the 4th quarter. Goodman Financial Corp now owns 108,277 shares of the exchange traded fund’s stock worth $5,066,000 after purchasing an additional 1,580 shares during the period.

NYSEARCA KRE traded up $0.80 on Friday, reaching $53.43. The company had a trading volume of 7,125,250 shares, compared to its average volume of 7,786,596. SPDR S&P Regional Banking ETF has a 1-year low of $43.95 and a 1-year high of $64.60. The stock’s fifty day moving average price is $52.51.

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.

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

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