SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Reaches New 52-Week High – What’s Next?

SPDR S&P Regional Banking ETF (NYSEARCA:KRE)’s share price reached a new 52-week high on Wednesday . The company traded as high as $67.42 and last traded at $67.05, with a volume of 24085849 shares traded. The stock had previously closed at $64.81.

SPDR S&P Regional Banking ETF Price Performance

The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The firm has a 50 day moving average price of $61.93 and a 200-day moving average price of $61.72.

Institutional Trading of SPDR S&P Regional Banking ETF

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of SPDR S&P Regional Banking ETF by 27.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock valued at $267,574,000 after purchasing an additional 1,004,724 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth about $922,000. SouthState Corp acquired a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth about $27,000. HighTower Advisors LLC increased its holdings in shares of SPDR S&P Regional Banking ETF by 58.1% in the 1st quarter. HighTower Advisors LLC now owns 97,456 shares of the exchange traded fund’s stock valued at $5,540,000 after acquiring an additional 35,804 shares during the last quarter. Finally, Holderness Investments Co. raised its position in shares of SPDR S&P Regional Banking ETF by 33.3% during the 1st quarter. Holderness Investments Co. now owns 5,499 shares of the exchange traded fund’s stock worth $313,000 after acquiring an additional 1,374 shares in the last quarter.

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.