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

SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of unusually large options trading activity on Thursday. Stock traders purchased 165,383 put options on the stock. This represents an increase of approximately 80% compared to the typical volume of 91,653 put options.

Institutional Trading of SPDR S&P Regional Banking ETF

Several large investors have recently modified their holdings of the stock. Farmers Trust Co. boosted its stake in SPDR S&P Regional Banking ETF by 1,238.3% during the first quarter. Farmers Trust Co. now owns 53,383 shares of the exchange traded fund’s stock worth $3,035,000 after acquiring an additional 49,394 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $139,000. Centaurus Financial Inc. boosted its position in shares of SPDR S&P Regional Banking ETF by 27.6% during the 4th quarter. Centaurus Financial Inc. now owns 12,578 shares of the exchange traded fund’s stock worth $759,000 after purchasing an additional 2,722 shares in the last quarter. TFR Capital LLC. acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $2,081,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $32,000.

SPDR S&P Regional Banking ETF Stock Down 4.0 %

KRE opened at $49.26 on Friday. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve month high of $70.25. The company has a fifty day moving average of $60.07 and a 200-day moving average of $60.92. The stock has a market cap of $2.93 billion, a PE ratio of 12.74 and a beta of 1.09.

SPDR S&P Regional Banking ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a dividend of $0.3782 per share. The ex-dividend date was Monday, March 24th.

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.