SPDR S&P Bank ETF Sees Unusually High Options Volume (NYSEARCA:KBE)

SPDR S&P Bank ETF (NYSEARCA:KBE) was the recipient of unusually large options trading on Monday. Traders bought 44,136 put options on the company. This represents an increase of approximately 1,512% compared to the typical volume of 2,738 put options.

Hedge Funds Weigh In On SPDR S&P Bank ETF

A number of institutional investors have recently modified their holdings of KBE. Creative Planning grew its holdings in SPDR S&P Bank ETF by 3.3% in the 2nd quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock valued at $293,000 after buying an additional 200 shares during the period. Fifth Third Bancorp grew its holdings in SPDR S&P Bank ETF by 9.6% in the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 220 shares during the period. Harbour Investments Inc. increased its position in SPDR S&P Bank ETF by 10.2% during the second quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock worth $173,000 after purchasing an additional 343 shares during the last quarter. US Bancorp DE raised its stake in SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 645 shares during the period. Finally, Stephens Inc. AR raised its stake in SPDR S&P Bank ETF by 7.4% during the third quarter. Stephens Inc. AR now owns 9,491 shares of the exchange traded fund’s stock worth $502,000 after purchasing an additional 651 shares during the period.

SPDR S&P Bank ETF Trading Up 0.5 %

Shares of KBE stock opened at $59.40 on Tuesday. SPDR S&P Bank ETF has a twelve month low of $42.13 and a twelve month high of $63.74. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The firm has a 50-day moving average price of $57.82 and a 200 day moving average price of $52.58.

SPDR S&P Bank ETF Company Profile

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.