SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Share Price Breaks Above 200 Day Moving Average – Should You Sell?

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $71.38 and traded as high as $72.68. SPDR S&P Regional Banking ETF shares last traded at $71.19, with a volume of 16,199,979 shares traded.

SPDR S&P Regional Banking ETF Stock Up 0.8%

The stock has a 50 day moving average of $75.13 and a 200 day moving average of $71.40. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 12.39 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KRE. Summit Securities Group LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 216.2% in the 1st quarter. Summit Securities Group LLC now owns 23,919 shares of the exchange traded fund’s stock valued at $1,558,000 after purchasing an additional 16,354 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 21.0% during the 1st quarter. Renaissance Technologies LLC now owns 141,900 shares of the exchange traded fund’s stock worth $9,245,000 after buying an additional 24,600 shares during the last quarter. Private Advisor Group LLC boosted its stake in SPDR S&P Regional Banking ETF by 60.2% in the first quarter. Private Advisor Group LLC now owns 34,975 shares of the exchange traded fund’s stock valued at $2,279,000 after buying an additional 13,140 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in SPDR S&P Regional Banking ETF in the first quarter valued at about $1,496,000. Finally, First Eagle Investment Management LLC boosted its stake in SPDR S&P Regional Banking ETF by 34.3% in the second quarter. First Eagle Investment Management LLC now owns 236,569 shares of the exchange traded fund’s stock valued at $17,707,000 after buying an additional 60,450 shares in the last quarter.

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.