RFP Financial Group LLC Makes New $141,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

RFP Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,801 shares of the exchange traded fund’s stock, valued at approximately $141,000.

A number of other large investors have also recently modified their holdings of the business. Wellington Management Group LLP bought a new position in SPDR S&P Regional Banking ETF in the third quarter valued at $15,272,000. North Star Investment Management Corp. increased its position in shares of SPDR S&P Regional Banking ETF by 765.8% during the 4th quarter. North Star Investment Management Corp. now owns 45,185 shares of the exchange traded fund’s stock valued at $2,369,000 after purchasing an additional 39,966 shares during the last quarter. BKM Wealth Management LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $193,000. City Holding Co. lifted its position in SPDR S&P Regional Banking ETF by 11.6% in the 4th quarter. City Holding Co. now owns 28,675 shares of the exchange traded fund’s stock worth $1,503,000 after buying an additional 2,988 shares during the last quarter. Finally, Bremer Bank National Association lifted its position in SPDR S&P Regional Banking ETF by 2,753.7% in the 4th quarter. Bremer Bank National Association now owns 249,931 shares of the exchange traded fund’s stock worth $13,104,000 after buying an additional 241,173 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE traded up $0.28 on Friday, reaching $55.99. 15,707,936 shares of the company’s stock traded hands, compared to its average volume of 14,328,680. The stock has a market cap of $2.99 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 12 month low of $37.66 and a 12 month high of $57.64. The stock has a 50-day simple moving average of $49.21 and a 200 day simple moving average of $49.08.

About SPDR S&P Regional Banking ETF

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.