Today were published SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE)‘s daily net flows. The ETF registered $130.91M asset inflows for 4.14% increase, reaching $3292.98M after yestarday’s trading session. The chart of SPDR KBW Regional Banking (ETF) shows positive short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF increased 0.68% or $0.35 on November 18, hitting $51.5. SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) has risen 28.08% since April 19, 2016 and is uptrending. It has outperformed by 24.22% the S&P500.
The ETF’s YTD performance is 5.96%, the 1 year is 4.3% and the 3 year is 7.28%.
The ETF’s average P/E ratio is 15.08, the price to book is 1.17, the price to sales is 3.42 and the price to cashflow is 11.68. SPDR KBW Regional Banking (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: KeyCorp Common Stock for 4.86% of assets, Fifth Third Bancorp for 4.61%, Regions Financial Corporation C for 4.60%, Huntington Bancshares Incorpora for 4.54%, PNC Financial Services Group I for 4.49%, Citizens Financial Group Inc. for 4.48%, M&T Bank Corporation Common Sto for 4.43%, SunTrust Banks Inc. Common Sto for 4.40%, BB&T Corporation Common Stock for 4.33%, Zions Bancorporation for 4.03%. The ETF sector weights are: Financial Services 100.00%. The ETF currently as 0% yield.
More important recent SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) news were published by: Benzinga.com which released: “Guess What? It’s Time For Bank ETFs” on December 15, 2015, also Thestreet.com published article titled: “Dont’ Count on the Bank Stock Rally Moving Forward, Crossing Wall Street’s …”, Thestreet.com published: “Traders Weigh in on the Best Sectors to Invest in Now” on November 11, 2016. More interesting news about SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) was released by: Etfdb.com and their article: “ProShares Launches Inverse, Leveraged Regional Bank ETFs” with publication date: April 22, 2010.
KRE Company Profile
SPDR KBW Regional Banking ETF (the Fund), formerly KBW Regional Banking ETF, is a non-diversified investment company. The Fund seeks to replicate as closely as possible the performance of the KBW Regional Banking Index (the Index). The Fund has entered into an investment advisory agreement with SSgA Funds Management, Inc.
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