Investors Purchase High Volume of SPDR S&P Regional Banking ETF Call Options (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of some unusual options trading activity on Friday. Traders bought 162,542 call options on the stock. This represents an increase of 51% compared to the typical daily volume of 107,718 call options.

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

Several institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new position in SPDR S&P Regional Banking ETF in the third quarter worth approximately $795,000. Founders Financial Securities LLC acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at approximately $1,756,000. Great Hill Capital LLC bought a new stake in SPDR S&P Regional Banking ETF in the third quarter worth approximately $1,582,000. Global Retirement Partners LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth $522,000. Finally, Patten & Patten Inc. TN increased its stake in shares of SPDR S&P Regional Banking ETF by 10.1% during the 3rd quarter. Patten & Patten Inc. TN now owns 186,533 shares of the exchange traded fund’s stock worth $11,808,000 after purchasing an additional 17,186 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE traded down $0.15 during mid-day trading on Friday, reaching $63.04. The company had a trading volume of 22,246,911 shares, compared to its average volume of 20,773,980. SPDR S&P Regional Banking ETF has a twelve month low of $47.06 and a twelve month high of $74.08. The stock’s 50 day moving average is $68.31 and its 200-day moving average is $65.21. The stock has a market capitalization of $3.94 billion, a PE 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.