SPDR S&P Regional Banking ETF Target of Unusually Large Options Trading (NYSEARCA:KRE)

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the target of some unusual options trading on Tuesday. Investors purchased 132,913 put options on the stock. This represents an increase of approximately 75% compared to the typical volume of 76,064 put options.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in SPDR S&P Regional Banking ETF by 6.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,964,000 shares of the exchange traded fund’s stock valued at $580,957,000 after buying an additional 521,000 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of 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 valued at $147,640,000 after acquiring an additional 333,799 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at about $83,392,000. MKP Capital Management L.L.C. acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $48,329,000. Finally, IMC Chicago LLC raised its position in shares of SPDR S&P Regional Banking ETF by 164.2% during the 2nd quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock worth $42,552,000 after acquiring an additional 353,319 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

KRE stock opened at $72.74 on Thursday. The company’s 50 day moving average price is $75.46 and its 200 day moving average price is $71.24. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 12.39 and a beta of 0.83. SPDR S&P Regional Banking ETF has a fifty-two week low of $57.55 and a fifty-two week high of $78.35.

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.