Grimes & Company Inc. Purchases 2,512 Shares of SPDR S&P Regional Banking ETF $KRE

Grimes & Company Inc. boosted its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 45.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,983 shares of the exchange traded fund’s stock after purchasing an additional 2,512 shares during the quarter. Grimes & Company Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cascade Financial Partners LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 3.1% in the 1st quarter. Cascade Financial Partners LLC now owns 6,062 shares of the exchange traded fund’s stock valued at $345,000 after acquiring an additional 184 shares during the last quarter. Capital Analysts LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 3.3% in the 1st quarter. Capital Analysts LLC now owns 6,471 shares of the exchange traded fund’s stock valued at $368,000 after acquiring an additional 206 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 7.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,226 shares of the exchange traded fund’s stock valued at $183,000 after acquiring an additional 227 shares during the last quarter. Samalin Investment Counsel LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 3.8% in the 1st quarter. Samalin Investment Counsel LLC now owns 6,429 shares of the exchange traded fund’s stock valued at $365,000 after acquiring an additional 236 shares during the last quarter. Finally, CWM LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 13.9% in the 1st quarter. CWM LLC now owns 2,044 shares of the exchange traded fund’s stock valued at $116,000 after acquiring an additional 250 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock opened at $63.63 on Wednesday. The stock has a market cap of $3.91 billion, a PE ratio of 12.39 and a beta of 1.10. The stock has a 50-day moving average of $63.29 and a 200-day moving average of $59.34. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $70.25.

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.