Avondale Wealth Management Has $833,000 Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Avondale Wealth Management reduced its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 26.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,800 shares of the exchange traded fund’s stock after selling 4,850 shares during the quarter. SPDR S&P Regional Banking ETF comprises 0.5% of Avondale Wealth Management’s portfolio, making the stock its 26th biggest position. Avondale Wealth Management’s holdings in SPDR S&P Regional Banking ETF were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. DRW Securities LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 117.6% during the 2nd quarter. DRW Securities LLC now owns 112,000 shares of the exchange traded fund’s stock valued at $5,499,000 after purchasing an additional 748,248 shares in the last quarter. Toronto Dominion Bank raised its holdings in SPDR S&P Regional Banking ETF by 195.9% during the 2nd quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock worth $37,046,000 after buying an additional 499,500 shares during the period. EP Wealth Advisors LLC lifted its stake in SPDR S&P Regional Banking ETF by 1,910.8% in the third quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock valued at $25,461,000 after buying an additional 427,473 shares in the last quarter. SMI Advisory Services LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the third quarter valued at approximately $20,777,000. Finally, Holocene Advisors LP increased its position in shares of SPDR S&P Regional Banking ETF by 142.6% during the third quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after acquiring an additional 311,147 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Down 3.3 %

Shares of NYSEARCA:KRE traded down $1.97 during midday trading on Friday, reaching $58.12. 5,397,900 shares of the company were exchanged, compared to its average volume of 9,654,991. The firm has a market cap of $3.10 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The stock has a fifty day simple moving average of $63.82 and a two-hundred day simple moving average of $58.17.

SPDR S&P Regional Banking ETF Profile

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.