SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Reaches New 1-Year High – Here’s Why

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) hit a new 52-week high during trading on Thursday . The stock traded as high as $68.21 and last traded at $68.3920, with a volume of 9822426 shares trading hands. The stock had previously closed at $66.75.

SPDR S&P Regional Banking ETF Price Performance

The stock has a market cap of $4.19 billion, a PE ratio of 12.39 and a beta of 0.90. The company’s fifty day moving average is $64.12 and its 200-day moving average is $63.03.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KRE. Westview Management dba Westview Investment Advisors purchased a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $4,012,000. Armstrong Advisory Group Inc. increased its holdings in SPDR S&P Regional Banking ETF by 18.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,561 shares of the exchange traded fund’s stock valued at $101,000 after buying an additional 240 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of SPDR S&P Regional Banking ETF by 259.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 104,211 shares of the exchange traded fund’s stock worth $7,006,000 after acquiring an additional 75,187 shares during the period. Sovereign Financial Group Inc. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $204,000. Finally, CWA Asset Management Group LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 34,549 shares of the exchange traded fund’s stock worth $2,239,000 after acquiring an additional 593 shares in the last quarter.

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.