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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of some unusual options trading on Tuesday. Stock traders purchased 132,913 put options on the company. This represents an increase of 75% compared to the average daily volume of 76,064 put options.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE traded down $0.06 during midday trading on Tuesday, hitting $74.05. 16,808,446 shares of the company’s stock traded hands, compared to its average volume of 15,902,751. The firm has a fifty day moving average of $75.50 and a 200 day moving average of $71.20. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year 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.

Institutional Trading of SPDR S&P Regional Banking ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 3.9% during the first quarter. Apollon Wealth Management LLC now owns 5,029 shares of the exchange traded fund’s stock worth $328,000 after acquiring an additional 187 shares during the last quarter. IFG Advisory LLC increased its holdings in shares of SPDR S&P Regional Banking ETF by 2.3% in the 4th quarter. IFG Advisory LLC now owns 8,581 shares of the exchange traded fund’s stock worth $556,000 after buying an additional 189 shares during the last quarter. Evansbrook LLC increased its stake in SPDR S&P Regional Banking ETF by 3.9% during the first quarter. Evansbrook LLC now owns 5,290 shares of the exchange traded fund’s stock worth $345,000 after acquiring an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp raised its holdings in SPDR S&P Regional Banking ETF by 20.6% during the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 1,206 shares of the exchange traded fund’s stock valued at $90,000 after buying an additional 206 shares during the period. Finally, Fourth Dimension Wealth LLC boosted its stake in SPDR S&P Regional Banking ETF by 41.5% during the second quarter. Fourth Dimension Wealth LLC now owns 737 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 216 shares during the period.

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.