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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $74.51 and last traded at $74.36, with a volume of 856529 shares trading hands. The stock had previously closed at $73.97.

SPDR S&P Regional Banking ETF Price Performance

The firm has a market cap of $4.50 billion, a P/E ratio of 12.39 and a beta of 0.84. The firm’s 50 day moving average is $69.99 and its 200 day moving average is $68.28.

Institutional Trading of SPDR S&P Regional Banking ETF

A number of hedge funds have recently made changes to their positions in the stock. Arax Advisory Partners purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $25,000. Aventura Private Wealth LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth $26,000. Accent Capital Management LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 100.0% in the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. MWA Asset Management purchased a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter worth $46,000. Finally, UMB Bank n.a. bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at $52,000.

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.