SPDR S&P Regional Banking ETF Target of Unusually Large Options Trading (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw unusually large options trading activity on Tuesday. Stock investors bought 361,292 call options on the stock. This represents an increase of approximately 174% compared to the average daily volume of 132,080 call options.

Institutional Trading of SPDR S&P Regional Banking ETF

Large investors have recently made changes to their positions in the company. SageView Advisory Group LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the first quarter worth $163,000. Zega Financial LLC bought a new position in SPDR S&P Regional Banking ETF during the 1st quarter worth about $787,000. RFP Financial Group LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at about $141,000. Wintrust Investments LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 8.4% during the first quarter. Wintrust Investments LLC now owns 28,785 shares of the exchange traded fund’s stock worth $1,447,000 after buying an additional 2,227 shares during the period. Finally, Patten & Patten Inc. TN grew its holdings in shares of SPDR S&P Regional Banking ETF by 19.4% during the first quarter. Patten & Patten Inc. TN now owns 57,971 shares of the exchange traded fund’s stock worth $2,915,000 after buying an additional 9,411 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA:KRE traded up $0.06 during mid-day trading on Thursday, hitting $66.25. The company had a trading volume of 1,333,459 shares, compared to its average volume of 14,484,335. SPDR S&P Regional Banking ETF has a fifty-two week low of $43.51 and a fifty-two week high of $67.96. The firm has a market cap of $3.54 billion, a P/E ratio of 8.36 and a beta of 1.56. The business’s fifty day moving average is $58.20 and its two-hundred day moving average is $53.85.

SPDR S&P Regional Banking ETF Company Profile

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.