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

North Star Investment Management Corp. grew its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2,733.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,508 shares of the exchange traded fund’s stock after purchasing an additional 57,408 shares during the period. North Star Investment Management Corp. owned approximately 0.10% of SPDR S&P Regional Banking ETF worth $3,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cresset Asset Management LLC acquired a new position in SPDR S&P Regional Banking ETF during the 2nd quarter worth about $343,000. Cerity Partners LLC grew its position in SPDR S&P Regional Banking ETF by 0.7% in the 2nd quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock valued at $4,413,000 after acquiring an additional 505 shares in the last quarter. Engineers Gate Manager LP acquired a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $2,058,000. HRT Financial LP purchased a new stake in SPDR S&P Regional Banking ETF during the second quarter worth about $2,900,000. Finally, Man Group plc increased its stake in SPDR S&P Regional Banking ETF by 607.1% during the second quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock worth $2,891,000 after purchasing an additional 58,281 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE opened at $75.17 on Monday. The company’s 50-day simple moving average is $70.22 and its 200-day simple moving average is $68.43. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $75.31. The stock has a market capitalization of $4.52 billion, a PE ratio of 12.39 and a beta of 0.84.

SPDR S&P Regional Banking ETF 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.