Gerber Kawasaki Wealth & Investment Management Has $3.20 Million Position in SPDR S&P Regional Banking ETF (KRE)

Gerber Kawasaki Wealth & Investment Management reduced its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 53.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,381 shares of the exchange traded fund’s stock after selling 70,833 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR S&P Regional Banking ETF were worth $3,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aspire Private Capital LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $35,000. Kwmg LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $43,000. Private Ocean LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter valued at approximately $46,000. Truvestments Capital LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter valued at approximately $50,000. Finally, Bay Harbor Wealth Management LLC grew its position in shares of SPDR S&P Regional Banking ETF by 291.7% in the first quarter. Bay Harbor Wealth Management LLC now owns 1,038 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 773 shares during the last quarter.

Shares of KRE stock traded up $0.85 during trading hours on Thursday, hitting $53.78. The company’s stock had a trading volume of 172,306 shares, compared to its average volume of 8,350,698. SPDR S&P Regional Banking ETF has a twelve month low of $43.95 and a twelve month high of $66.04.

TRADEMARK VIOLATION NOTICE: This article was originally reported by WKRB News and is owned by of WKRB News. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.wkrb13.com/2019/05/16/gerber-kawasaki-wealth-investment-management-has-3-20-million-position-in-spdr-sp-regional-banking-etf-kre.html.

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.

Featured Article: The benefits and drawbacks of dollar cost averaging

Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Regional Banking ETF (NYSEARCA:KRE).

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

Receive News & Ratings for SPDR S&P Regional Banking ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Regional Banking ETF and related companies with MarketBeat.com's FREE daily email newsletter.