Karp Capital Management Corp Raises Holdings in SPDR S&P Regional Banking ETF (KRE)

Karp Capital Management Corp boosted its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,098 shares of the exchange traded fund’s stock after purchasing an additional 10,038 shares during the quarter. SPDR S&P Regional Banking ETF makes up 2.5% of Karp Capital Management Corp’s investment portfolio, making the stock its 5th biggest holding. Karp Capital Management Corp owned approximately 0.16% of SPDR S&P Regional Banking ETF worth $7,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Peddock Capital Advisors LLC increased its holdings in SPDR S&P Regional Banking ETF by 7.8% during the 2nd quarter. Peddock Capital Advisors LLC now owns 11,341 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 823 shares during the period. Cypress Capital Management LLC WY increased its holdings in SPDR S&P Regional Banking ETF by 55.9% during the 2nd quarter. Cypress Capital Management LLC WY now owns 2,370 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 850 shares during the period. Shepherd Financial Partners LLC increased its holdings in SPDR S&P Regional Banking ETF by 0.6% during the 2nd quarter. Shepherd Financial Partners LLC now owns 147,246 shares of the exchange traded fund’s stock worth $9,064,000 after purchasing an additional 855 shares during the period. Princeton Portfolio Strategies Group LLC increased its holdings in SPDR S&P Regional Banking ETF by 9.4% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 10,875 shares of the exchange traded fund’s stock worth $663,000 after purchasing an additional 930 shares during the period. Finally, Valley National Advisers Inc. increased its holdings in SPDR S&P Regional Banking ETF by 1.5% during the 3rd quarter. Valley National Advisers Inc. now owns 66,308 shares of the exchange traded fund’s stock worth $3,940,000 after purchasing an additional 970 shares during the period.

Shares of KRE traded up $0.33 during mid-day trading on Tuesday, reaching $55.12. The company’s stock had a trading volume of 1,352,576 shares, compared to its average volume of 6,537,251. SPDR S&P Regional Banking ETF has a 12-month low of $50.69 and a 12-month high of $66.04.

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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.

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Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

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