SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Get Free Report) saw some unusual options trading on Wednesday. Investors acquired 182,738 put options on the company. This is an increase of approximately 134% compared to the typical daily volume of 78,249 put options.
Institutional Investors Weigh In On SPDR S&P Regional Banking ETF
Institutional investors have recently made changes to their positions in the stock. Arax Advisory Partners purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $25,000. MWA Asset Management acquired a new position in SPDR S&P Regional Banking ETF during the first quarter worth about $46,000. UMB Bank n.a. acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $52,000. Assetmark Inc. increased its holdings in SPDR S&P Regional Banking ETF by 207.0% in the fourth quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 714 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $70,000.
SPDR S&P Regional Banking ETF Price Performance
Shares of KRE stock traded down $0.55 during trading hours on Wednesday, reaching $76.24. 14,774,577 shares of the company’s stock were exchanged, compared to its average volume of 16,860,938. The company’s 50 day moving average is $73.00 and its two-hundred day moving average is $69.82. The company has a market cap of $4.51 billion, a P/E ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $78.10.
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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