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

SPDR S&P Bank ETF (NYSEARCA:KBE) was the target of unusually large options trading on Friday. Stock investors acquired 5,030 put options on the stock. This is an increase of approximately 93% compared to the typical volume of 2,611 put options.

Institutional Trading of SPDR S&P Bank ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Total Wealth Planning & Management Inc. acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at $447,000. Heck Capital Advisors LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $51,000. Forum Financial Management LP acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $942,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $5,150,000. Finally, GTS Securities LLC grew its stake in SPDR S&P Bank ETF by 128.8% during the 4th quarter. GTS Securities LLC now owns 4,400 shares of the exchange traded fund’s stock worth $244,000 after buying an additional 19,700 shares during the last quarter.

SPDR S&P Bank ETF Stock Up 2.9 %

SPDR S&P Bank ETF stock opened at $52.76 on Friday. SPDR S&P Bank ETF has a 52 week low of $42.77 and a 52 week high of $63.74. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. The stock has a 50-day moving average price of $56.70 and a 200 day moving average price of $56.19.

About SPDR S&P Bank ETF

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.