SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Reaches New 1-Year High – Should You Buy?

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) shares reached a new 52-week high during trading on Monday . The company traded as high as $68.65 and last traded at $68.65, with a volume of 79424 shares changing hands. The stock had previously closed at $67.79.

SPDR S&P Regional Banking ETF Price Performance

The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The business has a fifty day moving average of $59.73 and a 200 day moving average of $54.73.

Institutional Trading of SPDR S&P Regional Banking ETF

A number of large investors have recently modified their holdings of the stock. Clear Point Advisors Inc. purchased a new position in SPDR S&P Regional Banking ETF in the first quarter valued at $44,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Regional Banking ETF in the second quarter valued at $50,000. Larson Financial Group LLC purchased a new position in SPDR S&P Regional Banking ETF in the third quarter valued at $57,000. Future Financial Wealth Managment LLC purchased a new position in SPDR S&P Regional Banking ETF in the third quarter valued at $58,000. Finally, Family Firm Inc. purchased a new position in SPDR S&P Regional Banking ETF in the second quarter valued at $60,000.

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.