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

SPDR S&P Bank ETF (NYSEARCA:KBE) was the recipient of unusually large options trading on Wednesday. Traders bought 5,215 call options on the stock. This is an increase of approximately 97% compared to the typical daily volume of 2,647 call options.

SPDR S&P Bank ETF Stock Down 0.4 %

KBE stock opened at $54.04 on Thursday. The business’s 50-day moving average price is $56.44 and its 200-day moving average price is $56.23. The stock has a market cap of $2.29 billion, a P/E ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a twelve month low of $42.77 and a twelve month high of $63.74.

SPDR S&P Bank ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a dividend of $0.3774 per share. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On SPDR S&P Bank ETF

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

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.