November 22, 2016 - By Ellis Scott · 0 Comments
Nov 22 is a positive day so far for SPDR S&P Regional Banking ETF (NYSEARCA:KRE) as the ETF is active during the day after gaining 0.12% to hit $51.72 per share. The exchange traded fund has 3.39 billion net assets and 1.83% volatility this month.
Over the course of the day 1.34M shares traded hands, as compared to an average volume of 5.79 million over the last 30 days for SPDR S&P Regional Banking ETF (NYSEARCA:KRE).
The ETF is 1.41% of its 52-Week High and 53.85% of its low, and is currently having ATR of 1.04. This year’s performance is 19.76% while this quarter’s performance is 20.44%.
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. It was started on 6/22/2006. 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 1.84% yield.
More important recent SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) news were published by: Thestreet.com which released: “‘Financials Will Underperform the S&P in 2017,’ Shark Tank’s O’Leary Predicts” on November 21, 2016, also Benzinga.com published article titled: “Guess What? It’s Time For Bank ETFs”, Thestreet.com published: “Traders Weigh in on the Best Sectors to Invest in Now” on November 11, 2016. More interesting news about SPDR KBW Regional Banking (ETF) (NYSEARCA:KRE) was released by: Thestreet.com and their article: “Dont’ Count on the Bank Stock Rally Moving Forward, Crossing Wall Street’s …” with publication date: November 16, 2016.
SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. The ETF has a market cap of $3.39 billion. The Company’s approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. It currently has negative earnings. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.
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By Ellis Scott