SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Hits New 52-Week High – Here’s What Happened

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

SPDR S&P Regional Banking ETF Price Performance

The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The firm’s fifty day moving average is $70.64 and its 200-day moving average is $68.67.

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

Several hedge funds and other institutional investors have recently modified their holdings of KRE. Arax Advisory Partners bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $25,000. Aventura Private Wealth LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $26,000. MWA Asset Management bought a new stake in SPDR S&P Regional Banking ETF in the first quarter valued at about $46,000. UMB Bank n.a. acquired a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $52,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in SPDR S&P Regional Banking ETF during the third quarter valued at approximately $63,000.

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.