SPDR S&P Bank ETF Sees Unusually High Options Volume (NYSEARCA:KBE)

by · The Cerbat Gem

SPDR S&P Bank ETF (NYSEARCA:KBE – Get Free Report) saw unusually large options trading on Wednesday. Stock investors acquired 60,102 put options on the stock. This represents an increase of approximately 2,564% compared to the average volume of 2,256 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KBE. Park Avenue Securities LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at $212,000. CIBC Bancorp USA Inc. purchased a new position in SPDR S&P Bank ETF in the third quarter valued at $1,340,000. Armistice Capital LLC purchased a new position in SPDR S&P Bank ETF in the third quarter valued at $298,000. FWL Investment Management LLC acquired a new stake in SPDR S&P Bank ETF in the third quarter valued at $32,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in SPDR S&P Bank ETF by 11.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 21,387 shares of the exchange traded fund’s stock valued at $1,271,000 after buying an additional 2,132 shares in the last quarter.

SPDR S&P Bank ETF Stock Performance

Shares of KBE traded down $0.48 during midday trading on Wednesday, hitting $62.47. The company had a trading volume of 973,917 shares, compared to its average volume of 1,473,808. SPDR S&P Bank ETF has a 1 year low of $44.34 and a 1 year high of $63.28. The firm has a market capitalization of $1.37 billion, a P/E ratio of 12.60 and a beta of 0.97. The company’s 50-day simple moving average is $59.63 and its 200-day simple moving average is $58.88.

SPDR S&P Bank ETF Company Profile

(Get Free Report)

SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).

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