Prediction: This ETF Will Soar Over the Rest of the Year
Regional bank stocks have bounced back from last year's crisis. Falling interest rates will help drive profit growth at regional banks.
KRE: The FED Cannot Save The Banks
Recent positive developments in the banking sector include improved revenues and potential interest rate cuts by the Federal Reserve. U.S. banks are facing challenges in their second quarter earnings, with declining profits and increased provisions for credit losses. Despite potential interest rate cuts, challenges in the real estate sector and trade barriers may hinder significant expansion for corporate America.
Should You Invest in the SPDR S&P Regional Banking ETF (KRE)?
The SPDR S&P Regional Banking ETF (KRE) was launched on 06/19/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Financials - Regional Banks segment of the equity market.
Watch These KRE ETF Price Levels As Rate-Cut Optimism Boosts Regional Banks
The SPDR S&P Regional Banking ETF (KRE) has closed higher for eight consecutive trading sessions amid investor optimism about the prospect for lower interest rates.
Is SPDR S&P Regional Banking ETF (KRE) a Strong ETF Right Now?
The SPDR S&P Regional Banking ETF (KRE) made its debut on 06/19/2006, and is a smart beta exchange traded fund that provides broad exposure to the Financials ETFs category of the market.
Regional Banking ETF (KRE) Hit a 52-Week High
For investors seeking momentum, SPDR S&P Regional Banking ETF KRE is probably on the radar. The fund just hit a 52-week high and is up 49% from its 52-week low of $37.66 per share.
KRE: Why The Regional Banking Sector Is Likely To Collapse (Again)
KRE ETF may not be a good investment due to potential risks in the US regional banking sector. The upcoming earnings season for financial companies, including regional banks, is expected to show declines in earnings. Economic indicators suggest a complex period ahead, leading to a bearish outlook on KRE.
Should You Invest in the SPDR S&P Regional Banking ETF (KRE)?
Looking for broad exposure to the Financials - Regional Banks segment of the equity market? You should consider the SPDR S&P Regional Banking ETF (KRE), a passively managed exchange traded fund launched on 06/19/2006.
Meridian Wealth Management LLC Has $299,000 Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)
Meridian Wealth Management LLC increased its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,698 shares of the exchange traded fund’s stock after purchasing an additional 707 shares during the quarter. Meridian Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $299,000 at the end of the most recent reporting period. Several other institutional investors also recently modified their holdings of KRE. Myriad Asset Management US LP acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $21,661,000. Wellington Management Group LLP acquired a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $15,272,000. Delta Investment Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $17,880,000. Factory Mutual Insurance Co. acquired a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth approximately $16,190,000. Finally, International Assets Investment Management LLC increased its holdings in SPDR S&P Regional Banking ETF by 3,228.6% in the fourth quarter. International Assets Investment Management LLC now owns 272,144 shares of the exchange traded fund’s stock worth $14,269,000 after purchasing an additional 263,968 shares in the last quarter. SPDR S&P Regional Banking ETF Stock Performance Shares of KRE opened at $51.19 on Monday. The firm has a market cap of $2.73 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 52-week low of $37.66 and a 52-week high of $54.47. The business’s 50 day moving average price is $48.66 and its two-hundred day moving average price is $48.59. SPDR S&P Regional Banking ETF Company Profile (Free Report) 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. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. 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.
