SPDR S&P Regional Banking ETF Sees Significant Inflows
Week-Over-Week Changes Highlight Strong Demand
Today, ETF Channel reports a noticeable weekly surge in the SPDR S&P Regional Banking ETF (Symbol: KRE), which has seen approximately $276.5 million in inflows. This marks a 6.0% increase in the number of outstanding units, from 73,702,585 to 78,102,585. Among KRE’s prominent holdings, Truist Financial Corp (Symbol: TFC) has increased by about 1%, Citizens Financial Group Inc (Symbol: CFG) by 1.5%, and Huntington Bancshares Inc (Symbol: HBAN) by roughly 0.7%. To explore all holdings, visit the KRE Holdings page »
Examining KRE’s stock performance, it has reached a low of $45.46 and a high of $70.25 in its 52-week range, with the latest trade at $63.47. Evaluating the current share price against the 200-day moving average offers additional insights for investors — learn more about the 200-day moving average ».
Exchange Traded Funds (ETFs) operate similarly to stocks, but instead of “shares,” investors buy and sell “units.” These units are interchangeable like stock shares, but can also be created or eliminated based on demand. We regularly track the changes in outstanding units, focusing on those ETFs with notable inflows (indicating new units) or outflows (indicating the reduction of units). The creation of new units requires purchasing the ETF’s underlying assets, while unit destruction entails selling those assets. Thus, significant flows can affect the individual securities held within ETFs.
Click here to see which 9 other ETFs experienced notable inflows »
Additional Resources:
- Funds Holding MBOT
- VWTR Market Cap History
- SWX Insider Buying
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
