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

Avondale Wealth Management trimmed its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 26.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,800 shares of the exchange traded fund’s stock after selling 4,850 shares during the period. SPDR S&P Regional Banking ETF makes up about 0.5% of Avondale Wealth Management’s holdings, making the stock its 26th largest holding. Avondale Wealth Management’s holdings in SPDR S&P Regional Banking ETF were worth $833,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. DRW Securities LLC boosted its position in SPDR S&P Regional Banking ETF by 117.6% during the second 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 during the last quarter. Toronto Dominion Bank raised its stake in shares of 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 purchasing an additional 499,500 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 1,910.8% in the 3rd 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 during the last quarter. SMI Advisory Services LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the third quarter valued at $20,777,000. Finally, Holocene Advisors LP increased its holdings in 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 buying an additional 311,147 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE traded down $1.97 on Friday, hitting $58.12. 5,397,900 shares of the stock were exchanged, compared to its average volume of 9,654,991. The company has a market capitalization of $3.10 billion, a PE ratio of 8.36 and a beta of 1.56. The business’s fifty day moving average is $63.82 and its 200 day moving average is $58.17. SPDR S&P Regional Banking ETF has a 52 week low of $45.46 and a 52 week high of $70.25.

About SPDR S&P Regional Banking ETF

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.