Merit Financial Group LLC Sells 551 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Merit Financial Group LLC decreased its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,226 shares of the exchange traded fund’s stock after selling 551 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,402,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lowe Wealth Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $25,000. Larson Financial Group LLC bought a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at about $57,000. Future Financial Wealth Managment LLC bought a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at about $58,000. Bristlecone Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at about $68,000. Finally, Armstrong Advisory Group Inc. increased its stake in SPDR S&P Regional Banking ETF by 25.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 255 shares during the period.

SPDR S&P Regional Banking ETF Stock Up 1.5 %

NYSEARCA KRE opened at $63.07 on Tuesday. The stock has a market cap of $3.37 billion, a P/E ratio of 8.36 and a beta of 1.56. The company’s 50-day simple moving average is $63.62 and its 200 day simple moving average is $58.96. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25.

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.