SPDR S&P Regional Banking ETF Sees Unusually Large Options Volume (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of unusually large options trading activity on Thursday. Stock investors acquired 146,336 call options on the company. This is an increase of 58% compared to the typical volume of 92,709 call options.

SPDR S&P Regional Banking ETF Price Performance

KRE stock traded up $1.49 on Thursday, reaching $68.24. The company’s stock had a trading volume of 20,110,007 shares, compared to its average volume of 15,648,419. The company has a market capitalization of $4.24 billion, a P/E ratio of 12.39 and a beta of 0.90. The firm has a fifty day moving average of $63.80 and a two-hundred day moving average of $62.93. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $68.63.

Institutional Trading of SPDR S&P Regional Banking ETF

Large investors have recently bought and sold shares of the business. Moors & Cabot Inc. raised its holdings in shares of SPDR S&P Regional Banking ETF by 4.9% during the 2nd quarter. Moors & Cabot Inc. now owns 3,836 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 178 shares in the last quarter. Proffitt & Goodson Inc. boosted its position in SPDR S&P Regional Banking ETF by 0.7% during the 2nd quarter. Proffitt & Goodson Inc. now owns 28,585 shares of the exchange traded fund’s stock valued at $1,698,000 after buying an additional 192 shares during the period. US Bancorp DE raised its position in SPDR S&P Regional Banking ETF by 1.9% during the 3rd quarter. US Bancorp DE now owns 10,366 shares of the exchange traded fund’s stock valued at $656,000 after purchasing an additional 193 shares during the last quarter. CWM LLC boosted its position in SPDR S&P Regional Banking ETF by 9.8% during the 2nd quarter. CWM LLC now owns 2,245 shares of the exchange traded fund’s stock valued at $133,000 after acquiring an additional 201 shares in the last quarter. Finally, Intrepid Financial Planning Group LLC grew its stake in SPDR S&P Regional Banking ETF by 1.1% in the third quarter. Intrepid Financial Planning Group LLC now owns 19,600 shares of the exchange traded fund’s stock worth $1,241,000 after purchasing an additional 207 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.