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

SPDR S&P Bank ETF (NYSEARCA:KBE) saw unusually large options trading activity on Thursday. Stock traders purchased 15,007 put options on the stock. This is an increase of 875% compared to the average daily volume of 1,539 put options.

SPDR S&P Bank ETF Trading Up 0.3 %

Shares of SPDR S&P Bank ETF stock traded up $0.15 on Thursday, hitting $50.67. 445,956 shares of the company traded hands, compared to its average volume of 2,050,186. The company has a market cap of $1.49 billion, a PE ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 52 week low of $33.97 and a 52 week high of $55.04. The stock’s 50 day moving average price is $51.08 and its 200-day moving average price is $47.42.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Creative Planning boosted its position in shares of SPDR S&P Bank ETF by 3.3% in the second quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock worth $293,000 after acquiring an additional 200 shares during the last quarter. Ascent Group LLC acquired a new position in SPDR S&P Bank ETF in the second quarter worth approximately $858,000. Discovery Capital Management LLC CT acquired a new position in SPDR S&P Bank ETF in the 2nd quarter valued at approximately $897,000. Cowa LLC increased its position in SPDR S&P Bank ETF by 11.9% during the second quarter. Cowa LLC now owns 12,919 shares of the exchange traded fund’s stock worth $599,000 after acquiring an additional 1,376 shares during the period. Finally, ProVise Management Group LLC lifted its position in shares of SPDR S&P Bank ETF by 3.3% during the 2nd quarter. ProVise Management Group LLC now owns 190,879 shares of the exchange traded fund’s stock worth $8,855,000 after buying an additional 6,038 shares during the period.

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.