SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $57.24 and traded as high as $61.46. SPDR S&P Regional Banking ETF shares last traded at $60.57, with a volume of 8,142,508 shares trading hands.

SPDR S&P Regional Banking ETF Stock Down 1.2 %

The stock has a market capitalization of $3.23 billion, a PE ratio of 8.36 and a beta of 1.56. The stock has a fifty day moving average of $63.56 and a 200-day moving average of $57.34.

Institutional Trading of SPDR S&P Regional Banking ETF

Several hedge funds have recently added to or reduced their stakes in KRE. Rothschild Investment LLC acquired a new stake in SPDR S&P Regional Banking ETF in the second quarter valued at $1,316,000. Commonwealth Equity Services LLC lifted its stake in SPDR S&P Regional Banking ETF by 14.1% during the second quarter. Commonwealth Equity Services LLC now owns 58,297 shares of the exchange traded fund’s stock worth $2,862,000 after purchasing an additional 7,183 shares during the last quarter. Graypoint LLC boosted its holdings in SPDR S&P Regional Banking ETF by 7.5% in the second quarter. Graypoint LLC now owns 128,767 shares of the exchange traded fund’s stock valued at $6,322,000 after purchasing an additional 8,985 shares in the last quarter. Farther Finance Advisors LLC increased its stake in SPDR S&P Regional Banking ETF by 4.7% in the second quarter. Farther Finance Advisors LLC now owns 5,641 shares of the exchange traded fund’s stock valued at $276,000 after purchasing an additional 251 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in SPDR S&P Regional Banking ETF during the second quarter worth approximately $196,000.

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.