SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Sees Unusually-High Trading Volume

SPDR S&P Regional Banking ETF (NYSEARCA:KREGet Rating) shares saw an uptick in trading volume on Tuesday . 226,638 shares changed hands during trading, a decline of 98% from the previous session’s volume of 12,791,651 shares.The stock last traded at $65.94 and had previously closed at $64.91.

The business’s 50-day moving average price is $70.41 and its 200 day moving average price is $71.72.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNC Wealth Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $2,852,000. Morgan Stanley lifted its position in shares of SPDR S&P Regional Banking ETF by 27.0% during the third quarter. Morgan Stanley now owns 10,343,802 shares of the exchange traded fund’s stock worth $700,793,000 after purchasing an additional 2,202,223 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $205,000. Rothschild Investment Corp IL lifted its position in shares of SPDR S&P Regional Banking ETF by 1.6% during the fourth quarter. Rothschild Investment Corp IL now owns 26,123 shares of the exchange traded fund’s stock worth $1,851,000 after purchasing an additional 410 shares in the last quarter. Finally, Crescent Grove Advisors LLC grew its position in shares of SPDR S&P Regional Banking ETF by 92.2% during the fourth quarter. Crescent Grove Advisors LLC now owns 24,511 shares of the exchange traded fund’s stock worth $1,737,000 after buying an additional 11,761 shares in the last quarter.

SPDR S&P Regional Banking ETF Company Profile (NYSEARCA:KRE)

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.

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