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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw some unusual options trading on Friday. Stock traders purchased 162,542 call options on the stock. This is an increase of approximately 51% compared to the typical volume of 107,718 call options.

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

A number of hedge funds have recently modified their holdings of the business. MGO One Seven LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 4.3% in the fourth quarter. MGO One Seven LLC now owns 3,771 shares of the exchange traded fund’s stock worth $244,000 after purchasing an additional 156 shares during the last quarter. Apollon Wealth Management LLC raised its position in SPDR S&P Regional Banking ETF by 3.8% during the 4th quarter. Apollon Wealth Management LLC now owns 4,842 shares of the exchange traded fund’s stock worth $314,000 after purchasing an additional 178 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in SPDR S&P Regional Banking ETF by 2.9% during the 4th quarter. Toth Financial Advisory Corp now owns 6,579 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 188 shares during the period. IFG Advisory LLC lifted its holdings in SPDR S&P Regional Banking ETF by 2.3% during the 4th quarter. IFG Advisory LLC now owns 8,581 shares of the exchange traded fund’s stock worth $556,000 after buying an additional 189 shares during the period. Finally, US Bancorp DE lifted its holdings in SPDR S&P Regional Banking ETF by 1.9% during the 3rd quarter. US Bancorp DE now owns 10,366 shares of the exchange traded fund’s stock worth $656,000 after buying an additional 193 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $63.04 on Friday. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $74.08. The company has a market cap of $3.94 billion, a PE ratio of 12.39 and a beta of 0.90. The firm’s 50 day simple moving average is $68.22 and its 200 day simple moving average is $65.19.

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.