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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $74.51 and last traded at $74.36, with a volume of 856529 shares. The stock had previously closed at $73.97.

SPDR S&P Regional Banking ETF Stock Up 0.5%

The firm has a market cap of $4.52 billion, a PE ratio of 12.39 and a beta of 0.84. The firm has a 50-day moving average price of $70.22 and a two-hundred day moving average price of $68.40.

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

Institutional investors have recently made changes to their positions in the stock. Morgan Stanley boosted its position in shares of SPDR S&P Regional Banking ETF by 23.3% during the fourth quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock worth $901,870,000 after buying an additional 2,630,511 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $83,392,000. MKP Capital Management L.L.C. acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth about $48,329,000. Jump Financial LLC acquired a new position in SPDR S&P Regional Banking ETF during the 3rd quarter worth about $46,715,000. Finally, Nan Shan Life Insurance Co. Ltd. boosted its holdings in SPDR S&P Regional Banking ETF by 3,515.3% during the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock valued at $41,243,000 after acquiring an additional 633,522 shares during the period.

About SPDR S&P Regional Banking ETF

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.