SPDR KBW Bank Target of Unusually Large Options Trading (KBE)
SPDR KBW Bank (NYSE:KBE) was the recipient of some unusual options trading activity on Tuesday. Traders bought 6,502 call options on the company. This represents an increase of 1,127% compared to the typical daily volume of 530 call options.
SPDR KBW Bank (NYSE:KBE) opened at 43.95 on Friday. SPDR KBW Bank has a 1-year low of $28.71 and a 1-year high of $46.99. The firm’s 50-day moving average is $42.41 and its 200-day moving average is $43.30.
The business also recently announced a quarterly dividend, which was paid on Monday, June 26th. Investors of record on Tuesday, June 20th were given a dividend of $0.1532 per share. The ex-dividend date was Friday, June 16th. This represents a $0.61 dividend on an annualized basis and a yield of 1.39%. This is a positive change from SPDR KBW Bank’s previous quarterly dividend of $0.11.
About SPDR KBW Bank
SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.
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