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

SPDR S&P Bank ETF (NYSEARCA:KBE) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 5,215 call options on the company. This represents an increase of 97% compared to the typical volume of 2,647 call options.

Institutional Inflows and Outflows

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

SPDR S&P Bank ETF Price Performance

NYSEARCA KBE opened at $53.61 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 12.60 and a beta of 1.14. The business has a 50 day simple moving average of $56.37 and a 200 day simple moving average of $56.21. SPDR S&P Bank ETF has a one year low of $42.77 and a one year high of $63.74.

SPDR S&P Bank ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a $0.3774 dividend. The ex-dividend date of this dividend was 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.