84,141 Shares in SPDR S&P Regional Banking ETF $KRE Bought by Berkshire Money Management Inc.

Berkshire Money Management Inc. acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 84,141 shares of the exchange traded fund’s stock, valued at approximately $5,482,000. SPDR S&P Regional Banking ETF makes up approximately 0.6% of Berkshire Money Management Inc.’s holdings, making the stock its 27th biggest position. Berkshire Money Management Inc. owned 0.15% of SPDR S&P Regional Banking ETF as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arax Advisory Partners acquired a new position in SPDR S&P Regional Banking ETF in the fourth quarter worth $25,000. Aventura Private Wealth LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $26,000. Accent Capital Management LLC raised its holdings in shares of SPDR S&P Regional Banking ETF by 100.0% in the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 300 shares during the last quarter. UMB Bank n.a. bought a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $52,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in SPDR S&P Regional Banking ETF during the 3rd quarter worth about $63,000.

SPDR S&P Regional Banking ETF Trading Up 1.1%

Shares of KRE stock opened at $74.77 on Friday. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $75.06. The firm’s 50 day moving average is $70.10 and its 200-day moving average is $68.35. The firm has a market capitalization of $4.50 billion, a price-to-earnings 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.