PFG Investments LLC Decreases Holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE)

PFG Investments LLC lessened its holdings in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 7.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,170 shares of the exchange traded fund’s stock after selling 479 shares during the quarter. PFG Investments LLC’s holdings in SPDR S&P Insurance ETF were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Manchester Capital Management LLC boosted its position in SPDR S&P Insurance ETF by 10.0% during the first quarter. Manchester Capital Management LLC now owns 3,300 shares of the exchange traded fund’s stock worth $172,000 after purchasing an additional 300 shares during the period. Global Trust Asset Management LLC bought a new position in shares of SPDR S&P Insurance ETF in the second quarter valued at approximately $25,000. Fifth Third Securities Inc. boosted its position in shares of SPDR S&P Insurance ETF by 6.9% in the second quarter. Fifth Third Securities Inc. now owns 7,957 shares of the exchange traded fund’s stock valued at $396,000 after acquiring an additional 512 shares during the period. Ellis Investment Partners LLC boosted its position in shares of SPDR S&P Insurance ETF by 2.7% in the second quarter. Ellis Investment Partners LLC now owns 19,724 shares of the exchange traded fund’s stock valued at $983,000 after acquiring an additional 517 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P Insurance ETF in the second quarter valued at approximately $38,000.

SPDR S&P Insurance ETF Trading Up 1.1 %

KIE stock opened at $55.92 on Friday. The firm has a 50 day moving average of $53.53 and a 200-day moving average of $51.35. SPDR S&P Insurance ETF has a 12 month low of $41.47 and a 12 month high of $56.76. The firm has a market capitalization of $782.88 million, a P/E ratio of 15.18 and a beta of 0.58.

SPDR S&P Insurance ETF Profile

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.