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The State Street SPDR S&P Regional Banking ETF (KRE) experienced a significant week-over-week inflow of approximately $492.8 million, resulting in a 13.6% increase in outstanding units from 54,102,585 to 61,452,585. This change was reported today.
As of the last trade, KRE’s share price stood at $67.33, with a 52-week range of $47.06 to $67.975. Among its largest components, Cadence Bank (CADE) increased by 1.1%, Citizens Financial Group Inc (CFG) rose by 0.6%, while Columbia Banking System Inc (COLB) remained relatively unchanged.
KRE’s recent performance against its 200-day moving average is notable and serves as an indicator for investors.
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