North Star Asset Management Inc. bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,080 shares of the exchange traded fund’s stock, valued at approximately $829,000.
A number of other institutional investors have also made changes to their positions in KRE. Arax Advisory Partners acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth about $25,000. MWA Asset Management acquired a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at about $46,000. Fourth Dimension Wealth LLC increased its position in SPDR S&P Regional Banking ETF by 41.5% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 737 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 216 shares in the last quarter. UMB Bank n.a. bought a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $52,000. Finally, Elyxium Wealth LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $70,000.
SPDR S&P Regional Banking ETF Price Performance
KRE opened at $74.30 on Friday. SPDR S&P Regional Banking ETF has a one year low of $57.55 and a one year high of $78.35. The company’s 50 day simple moving average is $75.60 and its 200-day simple moving average is $70.97. The stock has a market capitalization of $4.52 billion, a P/E ratio of 12.39 and a beta of 0.84.
SPDR S&P Regional Banking ETF Company 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.
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