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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 132,913 put options on the company. This is an increase of 75% compared to the typical volume of 76,064 put options.

SPDR S&P Regional Banking ETF Stock Down 0.1%

NYSEARCA:KRE traded down $0.06 during mid-day trading on Tuesday, hitting $74.05. 16,808,446 shares of the stock traded hands, compared to its average volume of 15,902,751. SPDR S&P Regional Banking ETF has a 52 week low of $57.55 and a 52 week high of $78.35. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 12.39 and a beta of 0.83. The firm’s 50 day moving average is $75.50 and its two-hundred day moving average is $71.20.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KRE. Tidal Investments LLC lifted its stake in shares of SPDR S&P Regional Banking ETF by 279.3% during the 2nd quarter. Tidal Investments LLC now owns 185,869 shares of the exchange traded fund’s stock worth $13,912,000 after acquiring an additional 136,869 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in SPDR S&P Regional Banking ETF by 5.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 182,769 shares of the exchange traded fund’s stock valued at $13,680,000 after acquiring an additional 9,511 shares during the period. Parkside Financial Bank & Trust grew its position in SPDR S&P Regional Banking ETF by 36.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,272 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 341 shares during the last quarter. Corient Private Wealth LP grew its position in SPDR S&P Regional Banking ETF by 15.1% in the 2nd quarter. Corient Private Wealth LP now owns 13,421 shares of the exchange traded fund’s stock valued at $1,004,000 after acquiring an additional 1,765 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in SPDR S&P Regional Banking ETF by 34.3% in the second quarter. First Eagle Investment Management LLC now owns 236,569 shares of the exchange traded fund’s stock worth $17,707,000 after purchasing an additional 60,450 shares during the period.

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.