North Star Asset Management Inc. Buys Shares of 11,080 SPDR S&P Regional Banking ETF $KRE

North Star Asset Management Inc. bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 2nd quarter, Holdings Channel reports. The fund bought 11,080 shares of the exchange traded fund’s stock, valued at approximately $829,000.

Several other hedge funds also recently modified their holdings of KRE. Morgan Stanley grew its position in shares of SPDR S&P Regional Banking ETF by 23.3% during the 4th quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock worth $901,870,000 after buying an additional 2,630,511 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in SPDR S&P Regional Banking ETF in the first quarter valued at approximately $83,392,000. MKP Capital Management L.L.C. acquired a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $48,329,000. Jump Financial LLC bought a new position in SPDR S&P Regional Banking ETF in the third quarter valued at approximately $46,715,000. Finally, Nan Shan Life Insurance Co. Ltd. boosted its stake in SPDR S&P Regional Banking ETF by 3,515.3% in the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock valued at $41,243,000 after acquiring an additional 633,522 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

KRE opened at $74.30 on Friday. The company has a fifty day moving average price of $75.60 and a two-hundred day moving average price of $70.97. The firm 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 has a 52 week low of $57.55 and a 52 week high of $78.35.

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.