German American Bancorp Inc. Acquires 9,385 Shares of SPDR S&P Regional Banking ETF $KRE

German American Bancorp Inc. boosted its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 54.6% during the second quarter, HoldingsChannel reports. The firm owned 26,585 shares of the exchange traded fund’s stock after buying an additional 9,385 shares during the period. German American Bancorp Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $1,579,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. increased its position in shares of SPDR S&P Regional Banking ETF by 4.9% during the second quarter. Moors & Cabot Inc. now owns 3,836 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 178 shares during the period. Cascade Financial Partners LLC lifted its position in SPDR S&P Regional Banking ETF by 3.1% in the 1st quarter. Cascade Financial Partners LLC now owns 6,062 shares of the exchange traded fund’s stock valued at $345,000 after acquiring an additional 184 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in shares of SPDR S&P Regional Banking ETF by 0.7% in the 2nd quarter. Proffitt & Goodson Inc. now owns 28,585 shares of the exchange traded fund’s stock worth $1,698,000 after purchasing an additional 192 shares in the last quarter. CWM LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 9.8% in the second quarter. CWM LLC now owns 2,245 shares of the exchange traded fund’s stock worth $133,000 after purchasing an additional 201 shares during the last quarter. Finally, Capital Analysts LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 3.3% during the first quarter. Capital Analysts LLC now owns 6,471 shares of the exchange traded fund’s stock valued at $368,000 after purchasing an additional 206 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE opened at $67.05 on Thursday. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The business has a 50-day simple moving average of $61.76 and a two-hundred day simple moving average of $61.61. SPDR S&P Regional Banking ETF has a fifty-two week low of $47.06 and a fifty-two week high of $67.42.

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.