Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $70.93 and traded as high as $75.05. SPDR S&P Regional Banking ETF shares last traded at $74.33, with a volume of 10,053,898 shares trading hands.
SPDR S&P Regional Banking ETF Price Performance
The stock has a market cap of $4.52 billion, a PE ratio of 12.39 and a beta of 0.84. The business has a 50 day moving average price of $75.49 and a two-hundred day moving average price of $70.94.
Institutional Investors Weigh In On SPDR S&P Regional Banking ETF
Institutional investors have recently added to or reduced their stakes in the company. Arax Advisory Partners purchased a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $25,000. MWA Asset Management purchased a new stake in shares of SPDR S&P Regional Banking ETF during the first quarter worth about $46,000. Fourth Dimension Wealth LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 41.5% in the second quarter. Fourth Dimension Wealth LLC now owns 737 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 216 shares during the last quarter. UMB Bank n.a. bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $52,000. Finally, Elyxium Wealth LLC purchased a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at about $70,000.
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.
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