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

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

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 4.2% during the 3rd quarter. Barclays PLC now owns 2,609,153 shares of the exchange traded fund’s stock worth $108,984,000 after buying an additional 105,704 shares during the period. LPL Financial LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 12.2% in the third quarter. LPL Financial LLC now owns 1,339,950 shares of the exchange traded fund’s stock worth $55,970,000 after purchasing an additional 145,395 shares during the period. Myriad Asset Management US LP acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $21,661,000. Hsbc Holdings PLC boosted its stake in SPDR S&P Regional Banking ETF by 10.3% during the 3rd quarter. Hsbc Holdings PLC now owns 395,202 shares of the exchange traded fund’s stock valued at $16,600,000 after purchasing an additional 36,798 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $15,272,000.

SPDR S&P Regional Banking ETF Stock Down 2.4 %

NYSEARCA KRE traded down $1.19 during trading on Thursday, hitting $48.72. The company’s stock had a trading volume of 10,906,093 shares, compared to its average volume of 14,101,912. SPDR S&P Regional Banking ETF has a 52 week low of $37.66 and a 52 week high of $54.47. The firm has a market cap of $2.60 billion, a P/E ratio of 8.36 and a beta of 1.56. The firm has a 50 day moving average price of $48.74 and a 200 day moving average price of $48.71.

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.