Traders Buy High Volume of SPDR S&P Bank ETF Put Options (NYSEARCA:KBE)

SPDR S&P Bank ETF (NYSEARCA:KBE) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 60,102 put options on the stock. This is an increase of 2,564% compared to the typical volume of 2,256 put options.

Institutional Trading of SPDR S&P Bank ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wagner Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF in the 3rd quarter valued at $29,000. Monetary Management Group Inc. purchased a new stake in shares of SPDR S&P Bank ETF in the third quarter worth about $30,000. FWL Investment Management LLC acquired a new stake in shares of SPDR S&P Bank ETF in the third quarter valued at about $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR S&P Bank ETF in the second quarter valued at about $35,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of SPDR S&P Bank ETF by 3,886.4% during the 3rd quarter. HHM Wealth Advisors LLC now owns 877 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 855 shares during the period.

SPDR S&P Bank ETF Stock Up 1.8%

Shares of SPDR S&P Bank ETF stock opened at $63.55 on Friday. SPDR S&P Bank ETF has a fifty-two week low of $44.34 and a fifty-two week high of $64.02. The business’s fifty day moving average is $59.88 and its two-hundred day moving average is $58.94. The firm has a market cap of $1.37 billion, a PE ratio of 12.60 and a beta of 0.97.

About SPDR S&P Bank ETF

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).