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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) saw some unusual options trading activity on Friday. Stock investors acquired 211,686 call options on the stock. This is an increase of 120% compared to the typical daily volume of 96,311 call options.

SPDR S&P Regional Banking ETF Stock Down 0.4%

Shares of NYSEARCA KRE traded down $0.24 during mid-day trading on Friday, reaching $67.24. 16,077,589 shares of the company were exchanged, compared to its average volume of 15,003,178. The stock has a market capitalization of $3.82 billion, a P/E ratio of 12.39 and a beta of 0.90. The company’s 50-day simple moving average is $62.23 and its 200-day simple moving average is $62.00. SPDR S&P Regional Banking ETF has a twelve month low of $47.06 and a twelve month high of $68.08.

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

A number of institutional investors have recently made changes to their positions in KRE. KERR FINANCIAL PLANNING Corp bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter worth approximately $63,000. Alexander Labrunerie & CO. Inc. grew its holdings in SPDR S&P Regional Banking ETF by 6.7% in the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 7,481 shares of the exchange traded fund’s stock valued at $474,000 after buying an additional 468 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $253,000. Mizuho Markets Cayman LP bought a new position in SPDR S&P Regional Banking ETF during the 3rd quarter worth $116,000. Finally, Advisory Services Network LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 10.7% during the third quarter. Advisory Services Network LLC now owns 34,382 shares of the exchange traded fund’s stock worth $2,176,000 after buying an additional 3,320 shares in 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.