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

SPDR S&P Bank ETF (NYSEARCA:KBE) was the target of unusually large options trading activity 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.

Hedge Funds Weigh In On SPDR S&P Bank ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in SPDR S&P Bank ETF in the 4th quarter worth approximately $261,072,000. JPMorgan Chase & Co. increased its holdings in shares of SPDR S&P Bank ETF by 1,963.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,311,639 shares of the exchange traded fund’s stock worth $128,227,000 after purchasing an additional 2,199,599 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of SPDR S&P Bank ETF by 290.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock worth $64,900,000 after purchasing an additional 870,000 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of SPDR S&P Bank ETF by 59.0% during the fourth quarter. LPL Financial LLC now owns 376,691 shares of the exchange traded fund’s stock valued at $20,895,000 after purchasing an additional 139,740 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of SPDR S&P Bank ETF by 0.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 364,031 shares of the exchange traded fund’s stock valued at $20,193,000 after buying an additional 1,921 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

Shares of SPDR S&P Bank ETF stock traded down $0.02 during midday trading on Wednesday, hitting $54.23. The company had a trading volume of 715,935 shares, compared to its average volume of 1,945,435. SPDR S&P Bank ETF has a 52-week low of $42.77 and a 52-week high of $63.74. The stock has a market capitalization of $2.30 billion, a P/E ratio of 12.60 and a beta of 1.14. The company has a 50 day moving average of $56.50 and a 200 day moving average of $56.25.

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 paid a $0.3774 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.