SPDR S&P Regional Banking ETF Sees Significant Outflows
Today, ETF Channel reported a notable change in the SPDR S&P Regional Banking ETF (Symbol: KRE). The fund experienced an outflow of roughly $198.4 million, marking a 3.8% week-over-week decline in shares outstanding, which decreased from 85,902,585 to 82,602,585. Key holdings are also feeling the impact, with Huntington Bancshares Inc (Symbol: HBAN) down about 1.3%, M&T Bank Corp (Symbol: MTB) off by 1%, and Regions Financial Corp (Symbol: RF) lower by 1.4%. For a full list of holdings, visit the KRE Holdings page »
KRE’s performance over the past year shows a low point of $45.46 and a high of $70.25. Currently, its last trade stands at $59.53. Analyzing share prices against the 200-day moving average can offer valuable insights for investors — learn more about this technique ».
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Exchange-traded funds (ETFs) function like stocks. When investing in ETFs, you buy and sell “units” rather than “shares.” These units can be traded like stocks but can also be created or removed based on investor demand. Weekly tracking of changes in shares outstanding helps identify funds with notable inflows (new units created) or outflows (old units removed). The creation of new units necessitates purchasing the ETF’s underlying holdings, while the reduction of units requires selling them. As a result, significant flows can influence the performance of the individual components within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
• NSPR Options Chain
• MANH shares outstanding history
• CTBI Dividend Growth Rate
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