SPDR KBW Regional Banking (NYSE:KRE) was the target of unusually large options trading on Thursday. Traders purchased 48,606 call options on the stock. This represents an increase of 761% compared to the typical daily volume of 5,645 call options.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allegis Investment Advisors LLC increased its holdings in SPDR KBW Regional Banking by 0.6% in the second quarter. Allegis Investment Advisors LLC now owns 4,272 shares of the exchange traded fund’s stock valued at $235,000 after purchasing an additional 26 shares during the period. Wellington Shields Capital Management LLC increased its holdings in SPDR KBW Regional Banking by 0.4% in the second quarter. Wellington Shields Capital Management LLC now owns 12,020 shares of the exchange traded fund’s stock valued at $660,000 after purchasing an additional 50 shares during the period. National Planning Corp increased its holdings in SPDR KBW Regional Banking by 0.8% in the second quarter. National Planning Corp now owns 9,160 shares of the exchange traded fund’s stock valued at $514,000 after purchasing an additional 75 shares during the period. The Manufacturers Life Insurance Company increased its holdings in SPDR KBW Regional Banking by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,591 shares of the exchange traded fund’s stock valued at $307,000 after purchasing an additional 98 shares during the period. Finally, Associated Banc Corp increased its holdings in SPDR KBW Regional Banking by 1.6% in the second quarter. Associated Banc Corp now owns 14,424 shares of the exchange traded fund’s stock valued at $793,000 after purchasing an additional 225 shares during the period.

SPDR KBW Regional Banking (NYSE KRE) opened at 50.16 on Friday. The stock has a 50 day moving average price of $53.04 and a 200 day moving average price of $54.24. SPDR KBW Regional Banking has a 52-week low of $40.97 and a 52-week high of $59.68.

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About SPDR KBW Regional Banking

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.

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