“The insurance sector has been red hot. The insurance sector ETF, the SPDR KBW Insurance (NYSE: KIE), has the highest percentage of its component companies reporting earnings this week (56%),” Options Zone Reports.

“Though relatively small by ETF standards (market cap of around $225 million), and illiquid in terms of options, there’s no denying that the fund has been a standout performer for more than two months. The chart below shows how KIE has enjoyed a huge rally along the tandem support of its 10-day and 20-day moving averages to sit at a 19-month high. In fact, the ETF has closed just one day below the 10-day since early February,” Options Zone Reports.

Options Zone goes on to say, “(NYSE: KIE) is up 30% off its February low, which is about double the performance of the S&P 500 (SPX) during the same period.  A good run of earnings reports this week should keep that momentum intact.”

 

We have put together some details on the SPDR KBW Insurance ETF (NYSE: KIE) below:

SPDR KBW Insurance ETF (NYSE:KIE)

The investment seeks to replicate the performance of the KBW Insurance index. The fund uses a passive management strategy designed to track the total return performance of the Insurance index. It is nondiversified.

TOP 10 HOLDINGS ( 58.54% OF TOTAL ASSETS)

Company Symbol % Assets AFLAC Incorporated Common Stock (AFL) 7.52 MetLife, Inc. Common Stock (MET) 7.47 Prudential Financial Inc Pruden (PRU) 6.85 Genworth Financial Inc Common S (GNW) 6.47 Chubb Corporation (The) Common (CB) 6.45 The Travelers Companies, Inc. C (TRV) 6.39 MGIC Investment Corporation Com (MTG) 4.53 Lincoln National Corporation Co (LNC) 4.42 Unum Group Common Stock (UNM) 4.23 Principal Financial Group Inc C (PFG) 4.21

Related posts:

1. Morning Call: Market Shrugging Off Disappointing Earnings Reports
2. PowerShares To Begin Trading The PowerShares KBW Insurance Portfolio ETF Tuesday, November 1st

KIE