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

SPDR S&P Regional Banking ETF (NYSEARCA:KREGet Rating) was the recipient of unusually large options trading on Friday. Stock investors acquired 63,693 put options on the company. This represents an increase of 66% compared to the typical volume of 38,444 put options.

Institutional Investors Weigh In On SPDR S&P Regional Banking ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in SPDR S&P Regional Banking ETF by 149,812.4% in the 3rd quarter. Bessemer Group Inc. now owns 3,635,375 shares of the exchange traded fund’s stock valued at $214,051,000 after buying an additional 3,632,950 shares in the last quarter. Sculptor Capital LP purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at approximately $84,199,000. Twin Tree Management LP grew its stake in SPDR S&P Regional Banking ETF by 143.7% in the 2nd quarter. Twin Tree Management LP now owns 356,900 shares of the exchange traded fund’s stock valued at $20,732,000 after buying an additional 1,172,700 shares in the last quarter. Simplex Trading LLC grew its stake in SPDR S&P Regional Banking ETF by 1,105.0% in the 3rd quarter. Simplex Trading LLC now owns 526,601 shares of the exchange traded fund’s stock valued at $31,006,000 after buying an additional 482,899 shares in the last quarter. Finally, Meitav Dash Investments Ltd. purchased a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $26,680,000.

SPDR S&P Regional Banking ETF Price Performance

KRE stock opened at $58.16 on Friday. The company’s 50-day moving average is $60.54 and its 200-day moving average is $61.76. SPDR S&P Regional Banking ETF has a 1 year low of $56.09 and a 1 year high of $76.24.

SPDR S&P Regional Banking ETF Company Profile

(Get Rating)

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.

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