Garden State Investment Advisory Services LLC Decreases Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Garden State Investment Advisory Services LLC lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 29.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,189 shares of the exchange traded fund’s stock after selling 3,492 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in SPDR S&P Regional Banking ETF were worth $403,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Jane Street Group LLC lifted its position in SPDR S&P Regional Banking ETF by 136.5% during the first quarter. Jane Street Group LLC now owns 2,894,177 shares of the exchange traded fund’s stock valued at $145,519,000 after purchasing an additional 1,670,478 shares during the period. Baymount Management LP bought a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at $51,185,000. Mirae Asset Securities USA Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF in the 2nd quarter worth $36,825,000. SG Americas Securities LLC grew its holdings in shares of SPDR S&P Regional Banking ETF by 1,414.4% in the second quarter. SG Americas Securities LLC now owns 700,479 shares of the exchange traded fund’s stock worth $34,394,000 after acquiring an additional 654,225 shares during the period. Finally, First Financial Bankshares Inc purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at $20,471,000.

SPDR S&P Regional Banking ETF Stock Down 2.0 %

Shares of NYSEARCA:KRE opened at $57.69 on Friday. The firm’s 50 day moving average price is $55.77 and its 200-day moving average price is $51.03. The stock has a market capitalization of $3.08 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a twelve month low of $37.66 and a twelve month high of $59.59.

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.