SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Reaches New 1-Year High – Should You Buy?

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) hit a new 52-week high on Monday . The stock traded as high as $68.65 and last traded at $68.65, with a volume of 79424 shares. The stock had previously closed at $67.79.

SPDR S&P Regional Banking ETF Stock Performance

The firm has a fifty day simple moving average of $59.73 and a 200 day simple moving average of $54.73. The company has a market capitalization of $3.71 billion, a PE ratio of 8.36 and a beta of 1.56.

Institutional Trading of SPDR S&P Regional Banking ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Point Advisors Inc. acquired a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth about $44,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $50,000. Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $57,000. Future Financial Wealth Managment LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter worth about $58,000. Finally, Family Firm Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth approximately $60,000.

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.