SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 192,147 put options on the stock. This represents an increase of approximately 138% compared to the typical volume of 80,800 put options.
SPDR S&P Regional Banking ETF Trading Down 0.6%
KRE traded down $0.39 on Wednesday, hitting $69.44. 22,221,130 shares of the stock traded hands, compared to its average volume of 15,939,175. SPDR S&P Regional Banking ETF has a 52 week low of $57.55 and a 52 week high of $78.35. The business has a fifty day moving average price of $74.54 and a two-hundred day moving average price of $71.62. The firm has a market capitalization of $3.61 billion, a PE ratio of 12.39 and a beta of 0.83.
Institutional Trading of SPDR S&P Regional Banking ETF
A number of large investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. grew its holdings in shares of SPDR S&P Regional Banking ETF by 33.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,475 shares of the exchange traded fund’s stock worth $560,000 after purchasing an additional 1,855 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR S&P Regional Banking ETF by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 272,354 shares of the exchange traded fund’s stock worth $20,386,000 after purchasing an additional 14,637 shares during the last quarter. Tidal Investments LLC grew its holdings in SPDR S&P Regional Banking ETF by 279.3% during the 2nd quarter. Tidal Investments LLC now owns 185,869 shares of the exchange traded fund’s stock worth $13,912,000 after acquiring an additional 136,869 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 5.5% during the second quarter. Integrated Wealth Concepts LLC now owns 182,769 shares of the exchange traded fund’s stock valued at $13,680,000 after purchasing an additional 9,511 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of SPDR S&P Regional Banking ETF by 36.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,272 shares of the exchange traded fund’s stock valued at $95,000 after buying an additional 341 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.
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