SPDR S&P Regional Banking ETF Sees Unusually High Options Volume (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of unusually large options trading on Wednesday. Investors bought 174,297 call options on the company. This represents an increase of approximately 64% compared to the typical volume of 106,580 call options.

SPDR S&P Regional Banking ETF Stock Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $67.74 on Friday. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 12.39 and a beta of 0.86. The stock has a 50 day moving average price of $66.99 and a 200-day moving average price of $66.43. SPDR S&P Regional Banking ETF has a one year low of $55.37 and a one year high of $74.08.

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

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at about $36,021,000. Envestnet Portfolio Solutions Inc. purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth $795,000. Great Hill Capital LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth $1,582,000. Valley Wealth Managers Inc. increased its stake in SPDR S&P Regional Banking ETF by 19,594,500.0% in the fourth quarter. Valley Wealth Managers Inc. now owns 195,946 shares of the exchange traded fund’s stock worth $12,699,000 after purchasing an additional 195,945 shares during the period. Finally, Kraft Davis & Associates LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth $1,429,000.

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.