SPDR S&P Bank ETF Target of Unusually High Options Trading (NYSEARCA:KBE)

SPDR S&P Bank ETF (NYSEARCA:KBE) saw some unusual options trading on Wednesday. Stock investors bought 5,215 call options on the stock. This is an increase of 97% compared to the average volume of 2,647 call options.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Institute for Wealth Management LLC. raised its stake in SPDR S&P Bank ETF by 4.3% in the 4th quarter. Institute for Wealth Management LLC. now owns 4,606 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 189 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of SPDR S&P Bank ETF by 2.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,746 shares of the exchange traded fund’s stock worth $485,000 after buying an additional 236 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of SPDR S&P Bank ETF by 1.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock valued at $985,000 after buying an additional 278 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of SPDR S&P Bank ETF by 6.4% in the fourth quarter. IFP Advisors Inc now owns 5,000 shares of the exchange traded fund’s stock worth $277,000 after buying an additional 300 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in SPDR S&P Bank ETF by 1.5% during the fourth quarter. Private Advisor Group LLC now owns 35,106 shares of the exchange traded fund’s stock worth $1,947,000 after acquiring an additional 529 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

SPDR S&P Bank ETF stock traded down $0.02 during trading on Wednesday, reaching $54.23. The company had a trading volume of 715,935 shares, compared to its average volume of 1,945,435. The firm’s 50-day simple moving average is $56.50 and its 200 day simple moving average is $56.25. The firm has a market capitalization of $2.30 billion, a PE ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a 1-year low of $42.77 and a 1-year high of $63.74.

SPDR S&P Bank ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th will be given a $0.3774 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.