SPDR S&P Bank ETF Target of Unusually Large Options Trading (NYSEARCA:KBE)

SPDR S&P Bank ETF (NYSEARCA:KBE) saw some unusual options trading on Tuesday. Stock investors purchased 24,807 call options on the stock. This represents an increase of 710% compared to the typical volume of 3,063 call options.

Hedge Funds Weigh In On SPDR S&P Bank ETF

A number of hedge funds have recently modified their holdings of KBE. Jones Financial Companies Lllp grew its holdings in shares of SPDR S&P Bank ETF by 731.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock worth $390,000 after purchasing an additional 6,484 shares during the period. First Trust Advisors LP grew its holdings in shares of SPDR S&P Bank ETF by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 44,631 shares of the exchange traded fund’s stock worth $2,489,000 after purchasing an additional 2,126 shares during the period. Raymond James Financial Inc. grew its holdings in shares of SPDR S&P Bank ETF by 4.9% during the 2nd quarter. Raymond James Financial Inc. now owns 242,125 shares of the exchange traded fund’s stock worth $13,501,000 after purchasing an additional 11,301 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of SPDR S&P Bank ETF during the 2nd quarter worth $548,000. Finally, Curi Capital LLC grew its holdings in shares of SPDR S&P Bank ETF by 6.5% during the 2nd quarter. Curi Capital LLC now owns 15,536 shares of the exchange traded fund’s stock worth $866,000 after purchasing an additional 949 shares during the period.

SPDR S&P Bank ETF Stock Down 1.5%

Shares of NYSEARCA:KBE opened at $63.61 on Thursday. The business has a fifty day moving average of $61.35 and a two-hundred day moving average of $61.04. The stock has a market cap of $1.48 billion, a P/E ratio of 12.60 and a beta of 0.93. SPDR S&P Bank ETF has a 52-week low of $49.55 and a 52-week high of $67.75.

SPDR S&P Bank ETF Company Profile

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).