SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.37 and last traded at $77.20, with a volume of 4337235 shares traded. The stock had previously closed at $75.78.
SPDR S&P Regional Banking ETF Stock Up 2.7%
The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The firm’s 50 day moving average is $71.57 and its 200 day moving average is $69.17.
Institutional Investors Weigh In On SPDR S&P Regional Banking ETF
Several large investors have recently modified their holdings of the stock. Arax Advisory Partners acquired a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $25,000. Aventura Private Wealth LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth approximately $26,000. MWA Asset Management purchased a new position in SPDR S&P Regional Banking ETF during the first quarter valued at approximately $46,000. UMB Bank n.a. purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $52,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth $63,000.
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.
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