Investors Buy Large Volume of SPDR S&P Regional Banking ETF Put Options (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw some unusual options trading activity on Thursday. Traders acquired 165,383 put options on the company. This is an increase of 80% compared to the typical volume of 91,653 put options.

SPDR S&P Regional Banking ETF Stock Down 10.3 %

Shares of SPDR S&P Regional Banking ETF stock traded down $5.91 during trading hours on Thursday, hitting $51.31. 36,894,913 shares of the company’s stock traded hands, compared to its average volume of 12,668,995. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The stock has a 50 day simple moving average of $60.58 and a 200-day simple moving average of $61.04. The company has a market cap of $3.06 billion, a PE ratio of 12.74 and a beta of 1.09.

SPDR S&P Regional Banking ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a dividend of $0.3782 per share. The ex-dividend date was Monday, March 24th.

Institutional Trading of SPDR S&P Regional Banking ETF

Several institutional investors have recently added to or reduced their stakes in KRE. Lowe Wealth Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $26,000. Valley Wealth Managers Inc. raised its position in shares of SPDR S&P Regional Banking ETF by 22,750.0% during the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 455 shares in the last quarter. Heck Capital Advisors LLC bought a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $32,000. Finally, Vermillion Wealth Management Inc. acquired a new position in SPDR S&P Regional Banking ETF in the fourth quarter worth $32,000.

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.