SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Hits New 12-Month High – Here’s What Happened

SPDR S&P Regional Banking ETF (NYSEARCA:KRE)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $67.96 and last traded at $67.67, with a volume of 6483615 shares trading hands. The stock had previously closed at $66.60.

SPDR S&P Regional Banking ETF Price Performance

The stock has a market cap of $3.52 billion, a PE ratio of 8.36 and a beta of 1.56. The business has a fifty day moving average of $58.40 and a 200-day moving average of $53.94.

Institutional Trading of SPDR S&P Regional Banking ETF

Hedge funds have recently added to or reduced their stakes in the business. Kolinsky Wealth Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth $215,000. Carl P. Sherr & Co. LLC bought a new position in SPDR S&P Regional Banking ETF in the third quarter worth about $211,000. Financial Counselors Inc. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter valued at about $207,000. Goodman Financial Corp boosted its holdings in shares of SPDR S&P Regional Banking ETF by 0.6% in the 3rd quarter. Goodman Financial Corp now owns 371,371 shares of the exchange traded fund’s stock valued at $21,019,000 after buying an additional 2,159 shares in the last quarter. Finally, Petiole USA ltd purchased a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $3,311,000.

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.