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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw unusually large options trading activity on Friday. Traders acquired 162,542 call options on the company. This represents an increase of approximately 51% compared to the average volume of 107,718 call options.

Institutional Investors Weigh In On SPDR S&P Regional Banking ETF

A number of hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. bought a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $795,000. Founders Financial Securities LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at approximately $1,756,000. Great Hill Capital LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $1,582,000. Global Retirement Partners LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $522,000. Finally, Patten & Patten Inc. TN raised its stake in SPDR S&P Regional Banking ETF by 10.1% during the 3rd quarter. Patten & Patten Inc. TN now owns 186,533 shares of the exchange traded fund’s stock worth $11,808,000 after acquiring an additional 17,186 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE opened at $63.04 on Friday. The firm’s 50-day simple moving average is $68.22 and its 200 day simple moving average is $65.19. SPDR S&P Regional Banking ETF has a fifty-two week low of $47.06 and a fifty-two week high of $74.08. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90.

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.