Investors Buy Large Volume of Call Options on SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of some unusual options trading activity on Thursday. Traders purchased 187,810 call options on the stock. This is an increase of 96% compared to the typical daily volume of 95,695 call options.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE remained flat at $75.02 during trading hours on Friday. 17,609,700 shares of the company’s stock were exchanged, compared to its average volume of 17,412,705. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $76.84. The stock has a market capitalization of $4.65 billion, a PE ratio of 12.39 and a beta of 0.84. The stock has a 50 day simple moving average of $70.64 and a 200 day simple moving average of $68.67.

Institutional Investors Weigh In On SPDR S&P Regional Banking ETF

A number of institutional investors have recently modified their holdings of KRE. MGO One Seven LLC boosted its stake in SPDR S&P Regional Banking ETF by 4.3% in the 4th quarter. MGO One Seven LLC now owns 3,771 shares of the exchange traded fund’s stock worth $244,000 after purchasing an additional 156 shares during the period. Apollon Wealth Management LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 3.8% in the 4th quarter. Apollon Wealth Management LLC now owns 4,842 shares of the exchange traded fund’s stock valued at $314,000 after purchasing an additional 178 shares during the period. Toth Financial Advisory Corp raised its stake in shares of SPDR S&P Regional Banking ETF by 2.9% in the 4th quarter. Toth Financial Advisory Corp now owns 6,579 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 188 shares during the period. IFG Advisory LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 2.3% in the fourth quarter. IFG Advisory LLC now owns 8,581 shares of the exchange traded fund’s stock valued at $556,000 after purchasing an additional 189 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of SPDR S&P Regional Banking ETF by 1.9% during the third quarter. US Bancorp DE now owns 10,366 shares of the exchange traded fund’s stock worth $656,000 after buying an additional 193 shares during the period.

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.