Investors Buy Large Volume of SPDR S&P Bank ETF Put Options (NYSEARCA:KBE)

SPDR S&P Bank ETF (NYSEARCA:KBE) was the recipient of some unusual options trading activity on Thursday. Investors bought 15,007 put options on the company. This represents an increase of approximately 875% compared to the typical volume of 1,539 put options.

SPDR S&P Bank ETF Stock Performance

SPDR S&P Bank ETF stock opened at $50.80 on Friday. SPDR S&P Bank ETF has a one year low of $33.97 and a one year high of $55.04. The company has a market cap of $1.49 billion, a P/E ratio of 7.86 and a beta of 1.42. The business has a fifty day moving average of $51.17 and a two-hundred day moving average of $47.44.

Institutional Trading of SPDR S&P Bank ETF

A number of institutional investors have recently bought and sold shares of KBE. Wells Fargo & Company MN grew its position in shares of SPDR S&P Bank ETF by 31.9% in the fourth quarter. Wells Fargo & Company MN now owns 454,954 shares of the exchange traded fund’s stock valued at $20,937,000 after purchasing an additional 110,131 shares during the last quarter. ProVise Management Group LLC lifted its stake in SPDR S&P Bank ETF by 3.3% in the 2nd quarter. ProVise Management Group LLC now owns 190,879 shares of the exchange traded fund’s stock valued at $8,855,000 after buying an additional 6,038 shares in the last quarter. SG Americas Securities LLC grew its holdings in SPDR S&P Bank ETF by 0.4% during the 2nd quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock valued at $8,147,000 after buying an additional 734 shares during the last quarter. BNP Paribas Financial Markets increased its position in SPDR S&P Bank ETF by 546.0% during the first quarter. BNP Paribas Financial Markets now owns 166,353 shares of the exchange traded fund’s stock worth $7,835,000 after buying an additional 140,601 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of SPDR S&P Bank ETF by 92.7% in the second quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after acquiring an additional 44,020 shares during the last quarter.

About SPDR S&P Bank ETF

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.