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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of unusually large options trading on Thursday. Stock traders purchased 194,511 call options on the company. This represents an increase of approximately 93% compared to the average volume of 100,831 call options.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $59.48 on Friday. SPDR S&P Regional Banking ETF has a one year low of $46.80 and a one year high of $70.25. The firm has a market cap of $3.35 billion, a PE ratio of 12.39 and a beta of 1.10. The firm’s fifty day moving average is $56.61 and its two-hundred day moving average is $58.54.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of KRE. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $26,000. SouthState Corp acquired a new stake in SPDR S&P Regional Banking ETF in the first quarter valued at $27,000. Vermillion Wealth Management Inc. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth $32,000. Heck Capital Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth $32,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 80.1% during the 1st quarter. Lowe Wealth Advisors LLC now owns 744 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 331 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.