SPDR S&P Regional Banking ETF Sees Unusually High Options Volume (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KREGet Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 140,437 call options on the company. This represents an increase of approximately 13% compared to the typical daily volume of 124,802 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Element Wealth LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 100.7% in the 2nd quarter. Element Wealth LLC now owns 602 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 302 shares in the last quarter. Morling Financial Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $27,000. Elequin Securities LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $27,000. MCF Advisors LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 92.1% in the 2nd quarter. MCF Advisors LLC now owns 653 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 313 shares in the last quarter. Finally, Money Concepts Capital Corp bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $29,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE opened at $44.50 on Wednesday. The company has a market capitalization of $3.29 billion, a P/E ratio of 10.19 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 52-week low of $34.52 and a 52-week high of $65.60. The company’s 50 day moving average price is $41.47 and its 200-day moving average price is $42.42.

About SPDR S&P Regional Banking ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for SPDR S&P Regional Banking ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Regional Banking ETF and related companies with MarketBeat.com's FREE daily email newsletter.