SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Free Report) was the target of some unusual options trading on Wednesday. Traders bought 174,297 call options on the stock. This is an increase of 64% compared to the average daily volume of 106,580 call options.
Hedge Funds Weigh In On SPDR S&P Regional Banking ETF
Several hedge funds and other institutional investors have recently bought and sold shares of KRE. Arax Advisory Partners acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $25,000. Aventura Private Wealth LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $26,000. Grey Fox Wealth Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the third quarter worth $35,000. Accent Capital Management LLC raised its holdings in SPDR S&P Regional Banking ETF by 100.0% during the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in SPDR S&P Regional Banking ETF during the third quarter worth $39,000.
SPDR S&P Regional Banking ETF Price Performance
KRE opened at $67.14 on Thursday. The business has a 50 day simple moving average of $66.99 and a 200-day simple moving average of $66.39. The stock has a market capitalization of $4.04 billion, a P/E ratio of 12.39 and a beta of 0.86. SPDR S&P Regional Banking ETF has a 12 month low of $55.37 and a 12 month high of $74.08.
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.
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