Tufton Capital Management Invests $1.63 Million in SPDR S&P Regional Banking ETF $KRE

Tufton Capital Management bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 10,716 shares of the exchange traded fund’s stock, valued at approximately $1,630,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MGO One Seven LLC grew 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 purchasing an additional 156 shares during the period. Apollon Wealth Management LLC increased its position in 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 buying an additional 178 shares in the last quarter. IFG Advisory LLC raised 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 buying an additional 189 shares during the period. Evansbrook LLC raised 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 buying an additional 200 shares during the period. Finally, KERR FINANCIAL PLANNING Corp lifted its position in shares of SPDR S&P Regional Banking ETF by 20.6% during the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 1,206 shares of the exchange traded fund’s stock valued at $90,000 after buying an additional 206 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 0.5%

Shares of NYSEARCA:KRE opened at $77.75 on Friday. The stock has a 50 day moving average of $74.78 and a 200 day moving average of $70.57. The company has a market cap of $4.73 billion, a PE ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $78.35.

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.