SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Position Cut by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. decreased its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,028 shares of the exchange traded fund’s stock after selling 197 shares during the quarter. Avantax Advisory Services Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $400,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth approximately $32,000. Heck Capital Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $32,000. Lowe Wealth Advisors LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 80.1% in the first quarter. Lowe Wealth Advisors LLC now owns 744 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 331 shares during the period. Oakworth Capital Inc. bought a new position in SPDR S&P Regional Banking ETF during the first quarter valued at about $44,000. Finally, Provident Wealth Management LLC acquired a new position in SPDR S&P Regional Banking ETF during the first quarter worth about $51,000.

SPDR S&P Regional Banking ETF Trading Down 0.8%

Shares of SPDR S&P Regional Banking ETF stock opened at $59.37 on Thursday. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $70.25. The stock has a market cap of $3.28 billion, a PE ratio of 12.39 and a beta of 1.10. The company’s 50-day moving average price is $59.97 and its two-hundred day moving average price is $58.61.

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.