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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of unusually large options trading on Friday. Stock investors acquired 120,739 put options on the stock. This represents an increase of 46% compared to the typical volume of 82,440 put options.

SPDR S&P Regional Banking ETF Trading Down 1.2%

Shares of KRE traded down $0.85 during trading hours on Friday, hitting $72.01. The company had a trading volume of 17,702,670 shares, compared to its average volume of 15,853,435. The company has a market capitalization of $3.96 billion, a PE ratio of 12.39 and a beta of 0.87. SPDR S&P Regional Banking ETF has a one year low of $58.20 and a one year high of $78.35. The company’s fifty day moving average price is $72.02 and its two-hundred day moving average price is $70.93.

Hedge Funds Weigh In On SPDR S&P Regional Banking ETF

Several hedge funds and other institutional investors have recently modified their holdings of KRE. MWA Asset Management acquired a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth about $46,000. Fourth Dimension Wealth LLC raised its stake in SPDR S&P Regional Banking ETF by 41.5% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 737 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 216 shares during the last quarter. KERR FINANCIAL PLANNING Corp lifted its stake in SPDR S&P Regional Banking ETF by 20.6% in the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 1,206 shares of the exchange traded fund’s stock worth $90,000 after purchasing an additional 206 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of SPDR S&P Regional Banking ETF by 36.6% during 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. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in SPDR S&P Regional Banking ETF during the first quarter worth $84,000.

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.