Berkshire Money Management Inc. Makes New $5.48 Million Investment in SPDR S&P Regional Banking ETF $KRE

Berkshire Money Management Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the first quarter, HoldingsChannel reports. The firm acquired 84,141 shares of the exchange traded fund’s stock, valued at approximately $5,482,000. SPDR S&P Regional Banking ETF comprises 0.6% of Berkshire Money Management Inc.’s holdings, making the stock its 27th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Arax Advisory Partners bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $25,000. Aventura Private Wealth LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $26,000. Accent Capital Management LLC grew its holdings in shares of SPDR S&P Regional Banking ETF by 100.0% during the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 300 shares in the last quarter. UMB Bank n.a. bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $52,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $63,000.

SPDR S&P Regional Banking ETF Stock Up 1.1%

Shares of KRE stock opened at $74.77 on Friday. The company’s fifty day simple moving average is $70.10 and its 200-day simple moving average is $68.35. The firm has a market cap of $4.50 billion, a PE ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 12 month low of $57.55 and a 12 month high of $75.06.

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.