SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Hits New 12-Month High at $54.78

Posted by Tyrone Williams on Jul 16th, 2024

Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $54.78 and last traded at $54.72, with a volume of 2444910 shares trading hands. The stock had previously closed at $53.61.

SPDR S&P Regional Banking ETF Stock Up 3.4 %

The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The company’s 50-day moving average is $48.74 and its 200-day moving average is $48.93.

Institutional Trading of SPDR S&P Regional Banking ETF

Several institutional investors and hedge funds have recently bought and sold shares of KRE. Transcendent Capital Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $26,000. Clear Point Advisors Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the first quarter valued at approximately $44,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF during the second quarter worth $50,000. Founders Financial Alliance LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $52,000. Finally, Vestor Capital LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $54,000.

SPDR S&P Regional Banking ETF Company Profile

(Get Free Report)

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.