Koshinski Asset Management Inc. Makes New $205,000 Investment in SPDR S&P Regional Banking ETF $KRE

Koshinski Asset Management Inc. bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,447 shares of the exchange traded fund’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently added to or reduced their stakes in KRE. Goldman Sachs Group Inc. lifted its position in SPDR S&P Regional Banking ETF by 398.7% in the first quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock worth $1,012,663,000 after purchasing an additional 14,240,865 shares during the period. JPMorgan Chase & Co. lifted its position in SPDR S&P Regional Banking ETF by 27.1% in the first quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock worth $267,574,000 after purchasing an additional 1,004,724 shares during the period. Nan Fung Trinity HK Ltd. acquired a new stake in SPDR S&P Regional Banking ETF in the first quarter worth approximately $30,233,000. Curi RMB Capital LLC acquired a new stake in SPDR S&P Regional Banking ETF in the first quarter worth approximately $16,704,000. Finally, Jump Financial LLC lifted its position in SPDR S&P Regional Banking ETF by 198.0% in the first quarter. Jump Financial LLC now owns 183,597 shares of the exchange traded fund’s stock worth $10,437,000 after purchasing an additional 121,979 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

KRE opened at $60.63 on Wednesday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 1-year low of $47.06 and a 1-year high of $70.25. The business has a 50 day moving average price of $63.57 and a two-hundred day moving average price of $59.70.

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.