SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Sets New 52-Week High – Time to Buy?

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $65.13 and last traded at $65.13, with a volume of 4646269 shares. The stock had previously closed at $59.13.

SPDR S&P Regional Banking ETF Trading Up 0.5 %

The company’s fifty day moving average is $57.48 and its 200-day moving average is $53.33. The firm has a market capitalization of $3.47 billion, a P/E ratio of 8.36 and a beta of 1.56.

Institutional Trading of SPDR S&P Regional Banking ETF

Large investors have recently modified their holdings of the company. Prospera Financial Services Inc boosted its holdings in SPDR S&P Regional Banking ETF by 12.2% in the 3rd quarter. Prospera Financial Services Inc now owns 8,898 shares of the exchange traded fund’s stock valued at $504,000 after purchasing an additional 969 shares during the period. Thrivent Financial for Lutherans boosted its holdings in SPDR S&P Regional Banking ETF by 98.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,464 shares of the exchange traded fund’s stock valued at $819,000 after purchasing an additional 7,172 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in SPDR S&P Regional Banking ETF by 258.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 99,222 shares of the exchange traded fund’s stock valued at $5,616,000 after purchasing an additional 71,511 shares during the period. Prime Capital Investment Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $565,000. Finally, Patten & Patten Inc. TN boosted its holdings in SPDR S&P Regional Banking ETF by 10.1% in the 3rd quarter. Patten & Patten Inc. TN now owns 81,236 shares of the exchange traded fund’s stock valued at $4,598,000 after purchasing an additional 7,465 shares during the period.

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.