Robert W. Baird Co. is Bearish on These Stocks for Q3 2011

Wall St. Watchdog reveals information regarding significant reduction in shares for Robert W. Baird Co.’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Spdr S&p Retail (NYSE:XRT): On 06/30/2011, Robert W. Baird Co. reported holding 394,940 shares. On 09/30/2011, Robert W. Baird Co. reported holding 19,151 shares. The net reduction in shares for this position is 375,789 or 95.15%. About Company: SPDR S&P Retail ETF is an exchange-traded fund incorporated in the USA. The Fund’s objective is to replicate as closely as possible the performance of the S&P Retail Select Industry Index, an equal-weighted index.
  • Powershares Build America Bond (NYSE:BAB): On 06/30/2011, Robert W. Baird Co. reported holding 576,843 shares. On 09/30/2011, Robert W. Baird Co. reported holding 40,685 shares. The net reduction in shares for this position is 536,158 or 92.95%. About Company: PowerShares Build America Bond Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield of an index called The BofA Merrill Lynch Build America Bond Index. The Fund invest at least 80% of its total assets in taxable municipal securities eligible to participate in the Build America Bond program.
  • Noble Corp. (NYSE:NE): On 06/30/2011, Robert W. Baird Co. reported holding 86,236 shares. On 09/30/2011, Robert W. Baird Co. reported holding 6,898 shares. The net reduction in shares for this position is 79,338 or 92%. About Company: Noble Corporation provides diversified services for the oil and gas industry. The Company provides contract drilling services with its fleet of offshore drilling units located in markets worldwide. Noble also provides labor contract drilling services, well site and project management services, and engineering services.
  • Health Care Select Sector Spdr (NYSE:XLV): On 06/30/2011, Robert W. Baird Co. reported holding 127,534 shares. On 09/30/2011, Robert W. Baird Co. reported holding 10,296 shares. The net reduction in shares for this position is 117,238 or 91.93%. About Company: Health Care Select Sector SPDR Fund is an exchange-traded fund incorporated in the USA. The Fund’s objective is to provide investment results that correspond to the performance of The Health Care Select Sector Index. The Index includes companies involved in health care equipment and supplies, health care providers and services, biotechnology & pharmaceuticals.
  • Best Buy Co. Inc. (NYSE:BBY): On 06/30/2011, Robert W. Baird Co. reported holding 734,189 shares. On 09/30/2011, Robert W. Baird Co. reported holding 73,338 shares. The net reduction in shares for this position is 660,851 or 90.01%. About Company: Best Buy Co., Inc. retails consumer electronics, home office products, entertainment software, appliances and related services through its retail stores, as well as its web site. The Company also retails pre-recorded home entertainment products through retail stores.

(Note: Data regarding Robert W. Baird Co.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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