Carl P. Sherr & Co. LLC Makes New $211,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Carl P. Sherr & Co. LLC purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,722 shares of the exchange traded fund’s stock, valued at approximately $211,000.

A number of other large investors also recently made changes to their positions in KRE. Mirae Asset Securities USA Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth $36,825,000. DRW Securities LLC raised its position in shares of SPDR S&P Regional Banking ETF by 117.6% in the 2nd quarter. DRW Securities LLC now owns 112,000 shares of the exchange traded fund’s stock worth $5,499,000 after buying an additional 748,248 shares during the period. SG Americas Securities LLC raised its position in shares of SPDR S&P Regional Banking ETF by 1,414.4% in the 2nd quarter. SG Americas Securities LLC now owns 700,479 shares of the exchange traded fund’s stock worth $34,394,000 after buying an additional 654,225 shares during the period. Toronto Dominion Bank raised its position in shares of SPDR S&P Regional Banking ETF by 195.9% in the 2nd quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock worth $37,046,000 after buying an additional 499,500 shares during the period. Finally, SMI Advisory Services LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth $20,777,000.

SPDR S&P Regional Banking ETF Trading Down 0.3 %

Shares of KRE opened at $67.94 on Friday. The firm has a market capitalization of $3.63 billion, a P/E ratio of 8.36 and a beta of 1.56. The stock’s fifty day simple moving average is $60.41 and its 200 day simple moving average is $55.07. SPDR S&P Regional Banking ETF has a twelve month low of $43.51 and a twelve month 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.