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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $74.14 and last traded at $74.01, with a volume of 2349096 shares changing hands. The stock had previously closed at $73.41.

SPDR S&P Regional Banking ETF Stock Up 0.4%

The stock has a fifty day moving average of $69.52 and a 200-day moving average of $67.92. The firm has a market capitalization of $4.36 billion, a P/E ratio of 12.39 and a beta of 0.84.

Institutional Trading of SPDR S&P Regional Banking ETF

Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of SPDR S&P Regional Banking ETF by 23.3% during the 4th quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock valued at $901,870,000 after acquiring an additional 2,630,511 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of SPDR S&P Regional Banking ETF by 6.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,964,000 shares of the exchange traded fund’s stock worth $580,957,000 after acquiring an additional 521,000 shares during the period. Two Sigma Investments LP lifted its holdings in shares of SPDR S&P Regional Banking ETF by 19.0% during the 3rd quarter. Two Sigma Investments LP now owns 3,919,400 shares of the exchange traded fund’s stock worth $248,098,000 after acquiring an additional 626,836 shares during the period. Bessemer Group Inc. lifted its holdings in shares of SPDR S&P Regional Banking ETF by 17.3% during the 1st quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock worth $147,640,000 after acquiring an additional 333,799 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth approximately $83,392,000.

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.