Stock Traders Buy High Volume of Call Options on SPDR S&P Bank ETF (NYSEARCA:KBE)

SPDR S&P Bank ETF (NYSEARCA:KBE) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 5,215 call options on the company. This represents an increase of approximately 97% compared to the average volume of 2,647 call options.

SPDR S&P Bank ETF Stock Performance

Shares of NYSEARCA:KBE opened at $53.61 on Friday. SPDR S&P Bank ETF has a 52-week low of $42.77 and a 52-week high of $63.74. The company has a market capitalization of $2.28 billion, a PE ratio of 12.60 and a beta of 1.14. The company has a fifty day moving average of $56.37 and a 200-day moving average of $56.21.

SPDR S&P Bank ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.3774 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On SPDR S&P Bank ETF

A number of institutional investors have recently added to or reduced their stakes in KBE. FMR LLC lifted its holdings in SPDR S&P Bank ETF by 20.6% during the 3rd quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock worth $229,000 after buying an additional 736 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of SPDR S&P Bank ETF during the third quarter worth about $84,000. Walleye Capital LLC acquired a new position in shares of SPDR S&P Bank ETF in the third quarter worth approximately $524,000. Quadrature Capital Ltd bought a new stake in SPDR S&P Bank ETF in the third quarter valued at approximately $523,000. Finally, MML Investors Services LLC increased its position in SPDR S&P Bank ETF by 433.1% during the 3rd quarter. MML Investors Services LLC now owns 30,911 shares of the exchange traded fund’s stock valued at $1,635,000 after purchasing an additional 25,113 shares during the period.

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.