Fagan Associates Inc. Sells 8,304 Shares of SPDR S&P Regional Banking ETF (KRE)

Fagan Associates Inc. cut its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 23.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,138 shares of the exchange traded fund’s stock after selling 8,304 shares during the period. Fagan Associates Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $1,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in SPDR S&P Regional Banking ETF by 30.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,121 shares of the exchange traded fund’s stock valued at $312,000 after acquiring an additional 1,183 shares in the last quarter. Cozad Asset Management Inc. raised its holdings in SPDR S&P Regional Banking ETF by 14.0% in the 4th quarter. Cozad Asset Management Inc. now owns 6,345 shares of the exchange traded fund’s stock valued at $297,000 after acquiring an additional 780 shares in the last quarter. American Economic Planning Group Inc. ADV acquired a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $231,000. RPG Investment Advisory LLC acquired a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $4,724,000. Finally, Nations Financial Group Inc. IA ADV raised its holdings in SPDR S&P Regional Banking ETF by 10.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 15,209 shares of the exchange traded fund’s stock valued at $904,000 after acquiring an additional 1,498 shares in the last quarter.

SPDR S&P Regional Banking ETF stock opened at $54.15 on Monday. SPDR S&P Regional Banking ETF has a 52 week low of $43.95 and a 52 week high of $66.04.

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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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