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

SPDR S&P Bank ETF (NYSEARCA:KBE) saw unusually large options trading on Monday. Stock investors acquired 44,136 put options on the stock. This is an increase of 1,512% compared to the average volume of 2,738 put options.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock traded up $0.14 during trading hours on Monday, hitting $59.22. 1,362,672 shares of the stock traded hands, compared to its average volume of 1,996,734. SPDR S&P Bank ETF has a 1 year low of $42.13 and a 1 year high of $63.74. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The firm’s 50 day moving average price is $57.82 and its 200-day moving average price is $52.58.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KBE. Creative Planning grew its position in SPDR S&P Bank ETF by 3.3% during the 2nd quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of SPDR S&P Bank ETF by 9.6% during the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 220 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of SPDR S&P Bank ETF by 10.2% in the 2nd quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock valued at $173,000 after purchasing an additional 343 shares during the last quarter. US Bancorp DE grew its position in SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 645 shares during the period. Finally, Stephens Inc. AR increased its position in SPDR S&P Bank ETF by 7.4% during the 3rd quarter. Stephens Inc. AR now owns 9,491 shares of the exchange traded fund’s stock worth $502,000 after purchasing an additional 651 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.