PFG Investments LLC Increases Stake in SPDR S&P Insurance ETF (NYSEARCA:KIE)

PFG Investments LLC lifted its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 6.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,593 shares of the exchange traded fund’s stock after buying an additional 423 shares during the quarter. PFG Investments LLC’s holdings in SPDR S&P Insurance ETF were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates lifted its stake in SPDR S&P Insurance ETF by 16.7% in the 3rd quarter. Raymond James & Associates now owns 198,120 shares of the exchange traded fund’s stock worth $11,243,000 after purchasing an additional 28,392 shares in the last quarter. Chicago Wealth Management Inc. boosted its stake in SPDR S&P Insurance ETF by 0.9% during the second quarter. Chicago Wealth Management Inc. now owns 131,750 shares of the exchange traded fund’s stock valued at $6,565,000 after buying an additional 1,221 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in SPDR S&P Insurance ETF by 345.7% during the 1st quarter. Kingsview Wealth Management LLC now owns 130,814 shares of the exchange traded fund’s stock valued at $6,812,000 after buying an additional 101,462 shares in the last quarter. Zimmermann Investment Management & Planning LLC increased its stake in SPDR S&P Insurance ETF by 18.9% in the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 95,178 shares of the exchange traded fund’s stock worth $4,743,000 after acquiring an additional 15,137 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of SPDR S&P Insurance ETF by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 90,620 shares of the exchange traded fund’s stock worth $4,516,000 after acquiring an additional 9,000 shares in the last quarter.

SPDR S&P Insurance ETF Stock Performance

NYSEARCA KIE opened at $56.73 on Wednesday. The stock has a 50 day moving average price of $56.47 and a 200-day moving average price of $52.83. SPDR S&P Insurance ETF has a one year low of $41.98 and a one year high of $58.82. The company has a market capitalization of $794.22 million, a P/E 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.