North Star Investment Management Corp. Grows Stock Position in SPDR S&P Regional Banking ETF $KRE

North Star Investment Management Corp. increased its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2,733.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,508 shares of the exchange traded fund’s stock after purchasing an additional 57,408 shares during the quarter. North Star Investment Management Corp.’s holdings in SPDR S&P Regional Banking ETF were worth $3,877,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Apollon Wealth Management LLC raised its position in SPDR S&P Regional Banking ETF by 3.9% in the 1st quarter. Apollon Wealth Management LLC now owns 5,029 shares of the exchange traded fund’s stock valued at $328,000 after purchasing an additional 187 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the first quarter worth about $404,000. Janney Montgomery Scott LLC grew its position in shares of SPDR S&P Regional Banking ETF by 30.9% during the first quarter. Janney Montgomery Scott LLC now owns 98,978 shares of the exchange traded fund’s stock worth $6,448,000 after buying an additional 23,368 shares in the last quarter. Berkshire Money Management Inc. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the first quarter worth approximately $5,482,000. Finally, First American Bank increased its stake in shares of SPDR S&P Regional Banking ETF by 3.0% during the first quarter. First American Bank now owns 65,856 shares of the exchange traded fund’s stock worth $4,291,000 after buying an additional 1,927 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $75.17 on Monday. SPDR S&P Regional Banking ETF has a fifty-two week low of $57.55 and a fifty-two week high of $75.31. The firm’s 50 day moving average price is $70.22 and its 200 day moving average price is $68.43. The stock has a market cap of $4.52 billion, a price-to-earnings 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.