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 Thursday. Stock investors acquired 187,810 call options on the company. This is an increase of 96% compared to the average volume of 95,695 call options.

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

Institutional investors have recently modified their holdings of the company. Cresset Asset Management LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter worth $343,000. Cerity Partners LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock worth $4,413,000 after buying an additional 505 shares during the period. Engineers Gate Manager LP acquired a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at $2,058,000. HRT Financial LP acquired a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at $2,900,000. Finally, Man Group plc raised its holdings in SPDR S&P Regional Banking ETF by 607.1% in the 2nd quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock worth $2,891,000 after acquiring an additional 58,281 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

KRE traded down $1.11 on Thursday, hitting $75.07. The company had a trading volume of 11,608,926 shares, compared to its average volume of 17,361,234. The company’s fifty day moving average price is $70.54 and its 200 day moving average price is $68.61. SPDR S&P Regional Banking ETF has a 1-year low of $57.55 and a 1-year high of $76.84. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84.

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.