Flows To Observe: SPDR KBW Regional Banking (ETF) Registered $-67.11M Redemptions Because Of -1.98% AUM Decrease

Flows To Observe: SPDR KBW Regional Banking (ETF) Registered $ 67.11M Redemptions Because Of  1.98% AUM Decrease

Today were reported SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE)‘s daily net flows. The ETF registered $-67.11M asset outflows for -1.98% decrease, reaching $3322.23M after yestarday’s trading session. The chart of SPDR KBW Regional Banking (ETF) shows negative 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 outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF increased 0.62% or $0.32 on November 23, hitting $52.3. SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) has risen 28.15% since April 22, 2016 and is uptrending. It has outperformed by 22.75% 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: Thestreet.com which released: “‘Financials Will Underperform the S&P in 2017,’ Shark Tank’s O’Leary Predicts” on November 21, 2016, also Thestreet.com published article titled: “Traders Weigh in on the Best Sectors to Invest in Now”, Realmoney.Thestreet.com published: “3 Regional Banks to Bank On” on September 02, 2016. More interesting news about SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) was released by: Thestreet.com and their article: “Dont’ Count on the Bank Stock Rally Moving Forward, Crossing Wall Street’s …” with publication date: November 16, 2016.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment