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

Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) hit a new 52-week high on Wednesday . The stock traded as high as $68.00 and last traded at $67.3790, with a volume of 4867197 shares traded. The stock had previously closed at $67.00.

SPDR S&P Regional Banking ETF Trading Up 0.8%

The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The company has a fifty day moving average price of $62.06 and a 200-day moving average price of $61.92.

Institutional Investors Weigh In On SPDR S&P Regional Banking ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake 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 valued at $58,000 after purchasing an additional 721 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of SPDR S&P Regional Banking ETF by 718.8% in the second quarter. Farther Finance Advisors LLC now owns 1,441 shares of the exchange traded fund’s stock valued at $86,000 after buying an additional 1,265 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the second quarter valued at $205,000. Ameritas Advisory Services LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth $77,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of SPDR S&P Regional Banking ETF by 8.1% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 44,027 shares of the exchange traded fund’s stock worth $2,625,000 after buying an additional 3,305 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.