Stock Traders Purchase Large Volume of SPDR S&P Regional Banking ETF Call Options (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw some unusual options trading on Wednesday. Investors purchased 174,297 call options on the company. This is an increase of 64% compared to the average volume of 106,580 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KRE. Clal Insurance Enterprises Holdings Ltd acquired a new position in SPDR S&P Regional Banking ETF during the 1st quarter worth $83,392,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the first quarter valued at $84,000. MWA Asset Management purchased a new stake in shares of SPDR S&P Regional Banking ETF during the first quarter valued at $46,000. Eurizon Asset Management Hungary Ltd. acquired a new position in SPDR S&P Regional Banking ETF during the first quarter valued at $326,000. Finally, Bessemer Group Inc. lifted its stake in SPDR S&P Regional Banking ETF by 17.3% in the 1st quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock worth $147,640,000 after acquiring an additional 333,799 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE traded down $1.00 during trading on Wednesday, reaching $67.23. The stock had a trading volume of 12,886,275 shares, compared to its average volume of 18,069,793. SPDR S&P Regional Banking ETF has a one year low of $55.37 and a one year high of $74.08. The stock has a market cap of $4.04 billion, a PE ratio of 12.39 and a beta of 0.86. The firm’s 50 day moving average price is $67.00 and its two-hundred day moving average price is $66.34.

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.