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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $69.41 and last traded at $69.7320, with a volume of 5932002 shares traded. The stock had previously closed at $66.96.

SPDR S&P Regional Banking ETF Price Performance

The firm’s fifty day simple moving average is $65.04 and its 200 day simple moving average is $63.40. The company has a market capitalization of $4.40 billion, a PE ratio of 12.39 and a beta of 0.90.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KRE. Farther Finance Advisors LLC lifted its stake in shares of SPDR S&P Regional Banking ETF by 718.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock valued at $86,000 after purchasing an additional 1,265 shares during the period. GAMMA Investing LLC raised its holdings in SPDR S&P Regional Banking ETF by 283.9% in the 2nd quarter. GAMMA Investing LLC now owns 975 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 721 shares during the period. Global Wealth Management LLC purchased a new position in SPDR S&P Regional Banking ETF during the second quarter worth approximately $216,000. Legend Financial Advisors Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $25,000. Finally, Venture Visionary Partners LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 2.8% during the 2nd quarter. Venture Visionary Partners LLC now owns 121,551 shares of the exchange traded fund’s stock worth $7,219,000 after buying an additional 3,332 shares during the period.

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.