SPDR S&P Regional Banking ETF

NYSE ARCA: KRE
$47.32
+$1.21 (+2.6%)
Closing price April 19, 2024
The SPDR S&P Regional Banking ETF, managed by State Street Global Advisors, is a fund that focuses on the U.S. financial sector, specifically targeting regional banks. It aims to mirror the performance of the S&P Regional Banks Select Industry Index. The fund selects stocks from a mix of growth and value companies in the banking industry, covering a range of market capitalizations. Launched in 2006, this ETF offers investors exposure to the regional banking segment of the financial industry.
When it comes to exchange-traded funds, some investors may hope that they can avoid the sometimes painful "know exactly what you own" rule of investing. Unfortunately, not all ETFs are created equal.
The low-rate environment is going to continue taking a toll on bank earnings.  Credit Suisse has a report this Thursday showing some ongoing caution in the regional banking sector.  The firm is...
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