Tufton Capital Management Buys New Shares in SPDR S&P Regional Banking ETF $KRE

Tufton Capital Management bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 2nd quarter, Holdings Channel.com reports. The fund bought 10,716 shares of the exchange traded fund’s stock, valued at approximately $1,630,000.

A number of other institutional investors have also bought and sold shares of KRE. MGO One Seven LLC raised its holdings in SPDR S&P Regional Banking ETF by 4.3% during the fourth quarter. MGO One Seven LLC now owns 3,771 shares of the exchange traded fund’s stock valued at $244,000 after acquiring an additional 156 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 3.8% in the fourth quarter. Apollon Wealth Management LLC now owns 4,842 shares of the exchange traded fund’s stock worth $314,000 after acquiring an additional 178 shares during the period. IFG Advisory LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 2.3% in the fourth quarter. IFG Advisory LLC now owns 8,581 shares of the exchange traded fund’s stock worth $556,000 after acquiring an additional 189 shares during the period. Evansbrook LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 3.9% in the first quarter. Evansbrook LLC now owns 5,290 shares of the exchange traded fund’s stock worth $345,000 after acquiring an additional 200 shares during the period. Finally, KERR FINANCIAL PLANNING Corp grew its position in shares of SPDR S&P Regional Banking ETF by 20.6% during the second quarter. KERR FINANCIAL PLANNING Corp now owns 1,206 shares of the exchange traded fund’s stock worth $90,000 after purchasing an additional 206 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE opened at $77.75 on Friday. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $78.35. The company has a 50 day simple moving average of $74.78 and a two-hundred day simple moving average of $70.57. The firm has a market cap of $4.73 billion, a P/E ratio of 12.39 and a beta of 0.84.

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.