Cassady Schiller Wealth Management LLC Has $31,000 Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Cassady Schiller Wealth Management LLC lessened its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 78.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 594 shares of the exchange traded fund’s stock after selling 2,145 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $31,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP increased its stake in SPDR S&P Regional Banking ETF by 219.5% during the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 900 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in SPDR S&P Regional Banking ETF by 5.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,179 shares of the exchange traded fund’s stock valued at $481,000 after acquiring an additional 456 shares in the last quarter. International Assets Investment Management LLC boosted its stake in SPDR S&P Regional Banking ETF by 3,228.6% during the 4th quarter. International Assets Investment Management LLC now owns 272,144 shares of the exchange traded fund’s stock valued at $14,269,000 after purchasing an additional 263,968 shares during the last quarter. VELA Investment Management LLC increased its holdings in SPDR S&P Regional Banking ETF by 20.5% during the 3rd quarter. VELA Investment Management LLC now owns 17,603 shares of the exchange traded fund’s stock worth $735,000 after purchasing an additional 2,994 shares in the last quarter. Finally, SOL Capital Management CO raised its stake in shares of SPDR S&P Regional Banking ETF by 15.1% in the fourth quarter. SOL Capital Management CO now owns 19,440 shares of the exchange traded fund’s stock worth $1,019,000 after purchasing an additional 2,550 shares during the last quarter.

SPDR S&P Regional Banking ETF Trading Down 2.4 %

Shares of NYSEARCA:KRE traded down $1.19 during mid-day trading on Thursday, hitting $48.72. 10,906,093 shares of the company traded hands, compared to its average volume of 14,101,912. The stock has a 50-day moving average price of $48.74 and a two-hundred day moving average price of $48.71. SPDR S&P Regional Banking ETF has a 12-month low of $37.66 and a 12-month high of $54.47. The stock has a market cap of $2.60 billion, a P/E ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF Company 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.