Legacy Capital Group California Inc. bought a new stake in SPDR S&P Insurance ETF (NYSEARCA:KIE – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,060 shares of the exchange traded fund’s stock, valued at approximately $287,000.
A number of other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management increased its holdings in SPDR S&P Insurance ETF by 5.1% during the 1st quarter. Brookstone Capital Management now owns 73,722 shares of the exchange traded fund’s stock worth $3,839,000 after purchasing an additional 3,601 shares during the last quarter. Vicus Capital bought a new stake in shares of SPDR S&P Insurance ETF in the first quarter worth $2,887,000. Fortis Group Advisors LLC acquired a new stake in SPDR S&P Insurance ETF in the first quarter valued at $3,575,000. Janney Montgomery Scott LLC boosted its stake in SPDR S&P Insurance ETF by 6.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,741 shares of the exchange traded fund’s stock valued at $1,549,000 after acquiring an additional 1,724 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new position in SPDR S&P Insurance ETF during the 1st quarter worth $3,090,000.
SPDR S&P Insurance ETF Stock Performance
KIE opened at $56.44 on Friday. SPDR S&P Insurance ETF has a 1-year low of $41.56 and a 1-year high of $58.82. The company has a 50-day moving average of $56.36 and a 200-day moving average of $52.68. The company has a market capitalization of $790.16 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.
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