Accel Wealth Management Lowers Holdings in SPDR S&P Regional Banking ETF $KRE

Accel Wealth Management cut its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,492 shares of the exchange traded fund’s stock after selling 620 shares during the period. Accel Wealth Management’s holdings in SPDR S&P Regional Banking ETF were worth $326,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $25,000. SouthState Corp purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $27,000. Oakworth Capital Inc. purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $44,000. Provident Wealth Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth approximately $51,000. Finally, Trust Co. of Vermont purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth approximately $53,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE opened at $63.45 on Monday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $70.25. The business’s 50 day simple moving average is $63.21 and its 200-day simple moving average is $59.26.

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.