SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Hits New 12-Month High – What’s Next?

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) shares reached 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 50 day moving average of $63.80 and a two-hundred day moving average of $62.93. The stock has a market capitalization of $4.25 billion, a PE ratio of 12.39 and a beta of 0.90.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KRE. Legend Financial Advisors Inc. acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $25,000. Aventura Private Wealth LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth $26,000. Realta Investment Advisors acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at $27,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the third quarter valued at $35,000. Finally, Accent Capital Management LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 300 shares during 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.