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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw unusually large options trading on Friday. Stock investors bought 211,686 call options on the stock. This represents an increase of 120% compared to the average daily volume of 96,311 call options.

Hedge Funds Weigh In On SPDR S&P Regional Banking ETF

Several large investors have recently modified their holdings of the stock. Legend Financial Advisors Inc. acquired a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $25,000. Realta Investment Advisors bought a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth approximately $27,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the third quarter valued at approximately $35,000. Accent Capital Management LLC grew its position in shares of SPDR S&P Regional Banking ETF by 100.0% in the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter worth approximately $39,000.

SPDR S&P Regional Banking ETF Trading Down 0.4%

KRE stock opened at $67.24 on Friday. SPDR S&P Regional Banking ETF has a 1-year low of $47.06 and a 1-year high of $68.08. The business’s 50 day simple moving average is $62.37 and its 200 day simple moving average is $62.11. The firm has a market capitalization of $3.82 billion, a PE ratio of 12.39 and a beta of 0.90.

About SPDR S&P Regional Banking ETF

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.