Investors Buy Large Volume of SPDR S&P Bank ETF Put Options (NYSEARCA:KBE)

SPDR S&P Bank ETF (NYSEARCA:KBE) was the recipient of some unusual options trading activity on Thursday. Investors acquired 15,007 put options on the stock. This represents an increase of approximately 875% compared to the average volume of 1,539 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KBE. Wells Fargo & Company MN raised its stake in shares of SPDR S&P Bank ETF by 31.9% during the 4th quarter. Wells Fargo & Company MN now owns 454,954 shares of the exchange traded fund’s stock worth $20,937,000 after acquiring an additional 110,131 shares in the last quarter. ProVise Management Group LLC increased its stake in SPDR S&P Bank ETF by 3.3% during the second quarter. ProVise Management Group LLC now owns 190,879 shares of the exchange traded fund’s stock worth $8,855,000 after acquiring an additional 6,038 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of SPDR S&P Bank ETF by 0.4% during the second quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock worth $8,147,000 after buying an additional 734 shares during the period. BNP Paribas Financial Markets lifted its holdings in SPDR S&P Bank ETF by 546.0% during the 1st quarter. BNP Paribas Financial Markets now owns 166,353 shares of the exchange traded fund’s stock worth $7,835,000 after buying an additional 140,601 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Bank ETF by 92.7% in the second quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock valued at $4,244,000 after acquiring an additional 44,020 shares during the period.

SPDR S&P Bank ETF Stock Performance

NYSEARCA KBE traded up $0.15 on Thursday, hitting $50.67. 445,956 shares of the stock traded hands, compared to its average volume of 2,050,186. The business’s fifty day moving average is $51.08 and its two-hundred day moving average is $47.42. SPDR S&P Bank ETF has a 12 month low of $33.97 and a 12 month high of $55.04. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

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.