SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Sets New 12-Month High – Here’s Why

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $75.91 and last traded at $75.73, with a volume of 3771378 shares changing hands. The stock had previously closed at $74.85.

SPDR S&P Regional Banking ETF Price Performance

The firm has a market cap of $4.60 billion, a PE ratio of 12.39 and a beta of 0.84. The stock has a 50-day moving average price of $70.42 and a 200 day moving average price of $68.55.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KRE. Cresset Asset Management LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter worth approximately $343,000. Cerity Partners LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 0.7% in the 2nd quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock valued at $4,413,000 after purchasing an additional 505 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at $2,058,000. HRT Financial LP acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth $2,900,000. Finally, Man Group plc raised its position in shares of SPDR S&P Regional Banking ETF by 607.1% in the 2nd quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock worth $2,891,000 after buying an additional 58,281 shares during the period.

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.