SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Reaches New 12-Month High – What’s Next?

SPDR S&P Regional Banking ETF (NYSEARCA:KREGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $74.07 and last traded at $73.9850, with a volume of 4857547 shares. The stock had previously closed at $73.63.

SPDR S&P Regional Banking ETF Price Performance

The firm has a market capitalization of $4.59 billion, a P/E ratio of 12.39 and a beta of 0.90. The firm’s 50 day moving average is $67.29 and its two-hundred day moving average is $64.04.

Institutional Investors Weigh In On SPDR S&P Regional Banking ETF

Several hedge funds have recently bought and sold shares of KRE. Aventura Private Wealth LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $26,000. Realta Investment Advisors acquired a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $27,000. Grey Fox Wealth Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter valued at $35,000. Accent Capital Management LLC boosted its position in SPDR S&P Regional Banking ETF by 100.0% during the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 300 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of SPDR S&P Regional Banking ETF in the third quarter valued at $39,000.

SPDR S&P Regional Banking ETF Company Profile

(Get Free Report)

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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