Cary Street Partners Financial LLC Acquires Shares of 6,364 SPDR S&P Insurance ETF (NYSEARCA:KIE)

Cary Street Partners Financial LLC bought a new position in SPDR S&P Insurance ETF (NYSEARCA:KIE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,364 shares of the exchange traded fund’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Briaud Financial Planning Inc bought a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter valued at about $27,000. GoalVest Advisory LLC bought a new stake in SPDR S&P Insurance ETF during the 4th quarter worth approximately $30,000. Activest Wealth Management purchased a new stake in SPDR S&P Insurance ETF in the 4th quarter worth approximately $46,000. National Bank of Canada FI boosted its holdings in SPDR S&P Insurance ETF by 33.1% in the 4th quarter. National Bank of Canada FI now owns 1,167 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 290 shares during the period. Finally, MGB Wealth Management LLC purchased a new position in shares of SPDR S&P Insurance ETF during the 4th quarter valued at $70,000.

SPDR S&P Insurance ETF Stock Performance

Shares of KIE stock opened at $58.66 on Friday. The company has a market capitalization of $918.03 million, a PE ratio of 12.21 and a beta of 0.72. SPDR S&P Insurance ETF has a 52-week low of $48.82 and a 52-week high of $62.47. The business’s fifty day moving average is $58.03 and its 200 day moving average is $58.02.

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.