SPDR S&P Regional Banking ETF Sees Unusually Large Options Volume (NYSEARCA:KRE)
by Jessica Moore · The Cerbat GemSPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock investors bought 146,336 call options on the company. This represents an increase of 58% compared to the typical daily volume of 92,709 call options.
SPDR S&P Regional Banking ETF Trading Up 2.2%
Shares of KRE traded up $1.49 during midday trading on Thursday, hitting $68.24. 20,110,007 shares of the company’s stock traded hands, compared to its average volume of 15,648,419. The firm’s fifty day moving average is $63.80 and its 200-day moving average is $62.93. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $68.63.
Institutional Investors Weigh In On SPDR S&P Regional Banking ETF
Several institutional investors have recently bought and sold shares of KRE. Baird Financial Group Inc. raised its holdings in SPDR S&P Regional Banking ETF by 133.1% during the first quarter. Baird Financial Group Inc. now owns 8,961 shares of the exchange traded fund’s stock worth $509,000 after purchasing an additional 5,117 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of SPDR S&P Regional Banking ETF by 258.4% during the first quarter. Jones Financial Companies Lllp now owns 55,096 shares of the exchange traded fund’s stock valued at $3,132,000 after acquiring an additional 39,725 shares during the last quarter. Integrity Alliance LLC. grew its holdings in shares of SPDR S&P Regional Banking ETF by 18.0% during the first quarter. Integrity Alliance LLC. now owns 9,357 shares of the exchange traded fund’s stock worth $532,000 after buying an additional 1,427 shares in the last quarter. Arvest Investments Inc. grew its stake in SPDR S&P Regional Banking ETF by 2.0% in the 2nd quarter. Arvest Investments Inc. now owns 37,805 shares of the exchange traded fund’s stock worth $2,245,000 after acquiring an additional 733 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in SPDR S&P Regional Banking ETF by 32.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,925 shares of the exchange traded fund’s stock valued at $293,000 after acquiring an additional 1,205 shares during the last quarter.
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.