uploads///KRE Fundflows

Investors Plowed $477 Million into the KRE ETF in 2015


Jan. 11 2016, Updated 8:06 a.m. ET

Fund flows

Exchange-traded fund investors plowed $477 million into the SPDR S&P Regional Banks ETF (KRE) in 2015. During December, KRE has fallen by $14.9 million in terms of assets. During the week ending December 31, 2015, investors withdrew $157 million from the KRE fund.

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Change in institutional investor holdings

In the third quarter of 2015, trade activity by 13F filers displayed a 13.2% rise in aggregate shares that were held by institutional investors and hedge funds. Among the 214 13F filers holding the stock, 62 funds reduced their exposure to KRE while 49 funds sold all their holdings of the ETF. In contrast, 30 funds created new positions, and 86 funds raised their exposure to the KRE ETF.

The institutional asset management firms Citigroup (C), Morgan Stanley (MS), Elliott Associates, Wellington Management, and UBS were the top five buyers of the KRE ETF during the second quarter of 2015. Meanwhile, institutions that significantly reduced their holdings during the quarter were Goldman Sachs (GS), Horizon Investments, Credit Suisse (CS), JPMorgan Chase (JPM) and EJF Capital. Among these institutions, Horizon Investments and EJF Capital sold all their shares of KRE during the third quarter of 2015.


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