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 some unusual options trading activity on Friday. Investors acquired 211,686 call options on the stock. This is an increase of approximately 120% compared to the typical daily volume of 96,311 call options.

Institutional Trading of SPDR S&P Regional Banking ETF

Several institutional investors have recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in SPDR S&P Regional Banking ETF in the second quarter worth approximately $25,000. Realta Investment Advisors acquired a new position in SPDR S&P Regional Banking ETF in the third quarter valued at about $27,000. Grey Fox Wealth Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $35,000. Accent Capital Management LLC boosted its stake in SPDR S&P Regional Banking ETF by 100.0% during the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 300 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter valued at about $39,000.

SPDR S&P Regional Banking ETF Trading Down 0.4%

SPDR S&P Regional Banking ETF stock opened at $67.24 on Friday. The company has a 50-day moving average price of $62.37 and a 200 day moving average price of $62.08. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $68.08. The stock has a market cap of $3.82 billion, a P/E ratio of 12.39 and a beta of 0.90.

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.