SPDR S&P Regional Banking ETF Target of Unusually Large Options Trading (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of unusually large options trading activity on Wednesday. Traders bought 182,738 put options on the stock. This is an increase of approximately 134% compared to the typical daily volume of 78,249 put options.

Institutional Trading of SPDR S&P Regional Banking ETF

Several hedge funds and other institutional investors have recently made changes to their positions in KRE. Allspring Global Investments Holdings LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth $36,021,000. Valley Wealth Managers Inc. increased its holdings in shares of SPDR S&P Regional Banking ETF by 19,594,500.0% during the fourth quarter. Valley Wealth Managers Inc. now owns 195,946 shares of the exchange traded fund’s stock valued at $12,699,000 after acquiring an additional 195,945 shares in the last quarter. Econ Financial Services Corp purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $1,537,000. Summit Securities Group LLC raised its position in shares of SPDR S&P Regional Banking ETF by 216.2% in the 1st quarter. Summit Securities Group LLC now owns 23,919 shares of the exchange traded fund’s stock worth $1,558,000 after purchasing an additional 16,354 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in SPDR S&P Regional Banking ETF in the 1st quarter worth about $1,496,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE opened at $75.90 on Friday. SPDR S&P Regional Banking ETF has a fifty-two week low of $57.55 and a fifty-two week high of $78.10. The firm’s 50-day simple moving average is $73.27 and its two-hundred day simple moving average is $69.93. The stock has a market cap of $4.34 billion, a PE ratio of 12.39 and a beta of 0.84.

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.