SPDR S&P Regional Banking ETF Sees Significant Inflows
Strong Week for KRE Amid Market Activity
In a significant shift, the SPDR S&P Regional Banking ETF (Symbol: KRE) experienced an inflow of approximately $263.2 million, marking a 4.9% increase in shares outstanding, which rose from 81,402,585 to 85,402,585 over the past week. Notably, some of KRE’s largest components faced minor declines today: M&T Bank Corp (Symbol: MTB) fell about 0.3%, Huntington Bancshares Inc (Symbol: HBAN) decreased by 0.5%, and Citizens Financial Group Inc (Symbol: CFG) dropped around 1.6%. For a detailed list of its holdings, visit the KRE Holdings page »
The chart below illustrates KRE’s one-year price performance in comparison to its 200-day moving average:
KRE’s 52-week range shows a low of $45.46 per share and a high of $70.25, with the most recent trading price at $65.42. Evaluating the current price against the 200-day moving average offers valuable insights in technical analysis — learn more about the 200-day moving average »
Exchange-traded funds (ETFs) operate similarly to stocks, but rather than trading “shares,” investors buy and sell “units.” These units are flexible; they can be created or redeemed based on market demand. Each week, we track the week-over-week changes in outstanding units to identify ETFs with notable inflows (indicating new units created) or outflows (indicating units removed). When new units are created, the ETF’s underlying holdings must be acquired; conversely, when units are destroyed, the underlying assets are sold. Consequently, substantial inflows or outflows can influence the individual stocks within the ETF.
Click here to learn about 9 other ETFs that experienced notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
