Raymond James & Associates increased its position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE – Free Report) by 261.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 169,728 shares of the exchange traded fund’s stock after purchasing an additional 122,709 shares during the quarter. Raymond James & Associates’ holdings in SPDR S&P Insurance ETF were worth $8,458,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in SPDR S&P Insurance ETF in the fourth quarter valued at $176,000. Simplex Trading LLC acquired a new position in shares of SPDR S&P Insurance ETF in the 4th quarter worth approximately $285,000. Amica Mutual Insurance Co. purchased a new position in shares of SPDR S&P Insurance ETF during the 4th quarter worth approximately $2,196,000. National Bank of Canada FI acquired a new stake in SPDR S&P Insurance ETF in the 4th quarter valued at approximately $70,000. Finally, Private Portfolio Partners LLC purchased a new stake in SPDR S&P Insurance ETF in the fourth quarter valued at approximately $200,000.
SPDR S&P Insurance ETF Stock Up 0.1 %
NYSEARCA:KIE opened at $55.21 on Tuesday. SPDR S&P Insurance ETF has a 52 week low of $41.47 and a 52 week high of $55.75. The stock’s fifty day moving average is $51.93 and its two-hundred day moving average is $50.69. The stock has a market capitalization of $772.94 million, a price-to-earnings ratio of 15.18 and a beta of 0.58.
About SPDR S&P Insurance ETF
The SPDR S&P Insurance ETF (the Fund), formerly SPDR KBW Insurance ETF, seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The Fund invests all, but at least 80%, of its total assets in the securities comprising the Index. The Fund invests in all of the securities represented in the Index in approximately the same proportions as the Index.
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Want to see what other hedge funds are holding KIE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Insurance ETF (NYSEARCA:KIE – Free Report).
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