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 Friday. Traders purchased 143,469 call options on the stock. This represents an increase of approximately 37% compared to the average volume of 105,033 call options.

SPDR S&P Regional Banking ETF Trading Up 1.8 %

Shares of NYSEARCA KRE opened at $60.81 on Friday. SPDR S&P Regional Banking ETF has a 1 year low of $45.46 and a 1 year high of $70.25. The firm’s 50-day moving average is $63.37 and its 200-day moving average is $56.77. The firm has a market capitalization of $3.25 billion, a PE ratio of 8.36 and a beta of 1.56.

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

Several large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in SPDR S&P Regional Banking ETF by 4.7% in the second quarter. Farther Finance Advisors LLC now owns 5,641 shares of the exchange traded fund’s stock valued at $276,000 after buying an additional 251 shares during the period. SPC Financial Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 2.5% in the 3rd quarter. SPC Financial Inc. now owns 12,500 shares of the exchange traded fund’s stock valued at $708,000 after acquiring an additional 300 shares during the last quarter. Robinson Value Management Ltd. raised its position in shares of SPDR S&P Regional Banking ETF by 1.3% in the 3rd quarter. Robinson Value Management Ltd. now owns 24,718 shares of the exchange traded fund’s stock valued at $1,399,000 after acquiring an additional 323 shares during the period. Citizens Financial Group Inc. RI boosted its stake in SPDR S&P Regional Banking ETF by 2.3% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 18,619 shares of the exchange traded fund’s stock worth $914,000 after acquiring an additional 427 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in SPDR S&P Regional Banking ETF by 4.6% during the third quarter. Centaurus Financial Inc. now owns 9,856 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 432 shares during the period.

About SPDR S&P Regional Banking ETF

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.