48,569 Shares in SPDR S&P Insurance ETF (NYSEARCA:KIE) Bought by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. purchased a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 48,569 shares of the exchange traded fund’s stock, valued at approximately $2,196,000. Amica Mutual Insurance Co. owned 0.40% of SPDR S&P Insurance ETF at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KIE. Janney Capital Management LLC purchased a new stake in SPDR S&P Insurance ETF in the third quarter worth $17,227,000. Insight Wealth Strategies LLC purchased a new stake in SPDR S&P Insurance ETF in the fourth quarter worth $15,021,000. New Harbor Financial Group LLC purchased a new stake in SPDR S&P Insurance ETF in the fourth quarter worth $9,633,000. Envestnet Asset Management Inc. increased its position in SPDR S&P Insurance ETF by 205.1% in the third quarter. Envestnet Asset Management Inc. now owns 245,144 shares of the exchange traded fund’s stock worth $10,428,000 after buying an additional 164,793 shares during the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in SPDR S&P Insurance ETF in the third quarter worth $6,808,000.

SPDR S&P Insurance ETF Stock Performance

NYSEARCA:KIE traded up $0.26 during trading hours on Monday, reaching $48.79. The stock had a trading volume of 688,667 shares, compared to its average volume of 879,940. The stock has a 50 day simple moving average of $49.96 and a 200 day simple moving average of $46.87. SPDR S&P Insurance ETF has a 12-month low of $38.04 and a 12-month high of $52.26. The stock has a market cap of $717.21 million, a P/E ratio of 15.10 and a beta of 0.58.

SPDR S&P Insurance ETF Company 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.