Today were reported SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE)‘s daily net flows. The ETF registered $-81.46M asset outflows for -3.78% decrease, reaching $2070.91M 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 0.12% or $0.05 on November 4, hitting $42.99. SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) has risen 16.47% since April 5, 2016 and is uptrending. It has outperformed by 14.52% 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 notable 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 Investorplace.com with their article: “Bank Stocks Are Better Off If Hillary Clinton Beats Donald Trump” published on October 24, 2016, Etfdb.com published: “ProShares Launches Inverse, Leveraged Regional Bank ETFs” on April 22, 2010. More interesting news about SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) were released by: Fool.com and their article: “Why SVB Financial Group Shares Jumped 11% in August” published on September 15, 2016 as well as Benzinga.com‘s news article titled: “Modest Love For Regional Bank ETF As Rate Hike Looms” with publication date: May 26, 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.
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