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

SPDR S&P Bank ETF (NYSEARCA:KBE) was the target of some unusual options trading on Friday. Investors purchased 5,030 put options on the stock. This represents an increase of 93% compared to the typical volume of 2,611 put options.

SPDR S&P Bank ETF Stock Performance

Shares of SPDR S&P Bank ETF stock traded up $1.34 during trading on Friday, hitting $52.63. 2,134,513 shares of the stock traded hands, compared to its average volume of 1,963,108. The stock has a market cap of $2.49 billion, a P/E ratio of 13.73 and a beta of 1.15. SPDR S&P Bank ETF has a twelve month low of $42.77 and a twelve month high of $63.74. The company has a fifty day moving average price of $56.76 and a two-hundred day moving average price of $56.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its position in SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 645 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $46,000. Jones Financial Companies Lllp increased its position in shares of SPDR S&P Bank ETF by 1,008.8% during the fourth quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 807 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $51,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $51,000.

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.