Global Trust Asset Management LLC Lowers Holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Global Trust Asset Management LLC reduced its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 52.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 560 shares of the exchange traded fund’s stock after selling 615 shares during the period. Global Trust Asset Management LLC’s holdings in SPDR S&P Insurance ETF were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KIE. Vicus Capital acquired a new stake in shares of SPDR S&P Insurance ETF during the 1st quarter worth approximately $3,124,000. Wealth Enhancement Advisory Services LLC purchased a new stake in SPDR S&P Insurance ETF during the first quarter worth $384,000. HBW Advisory Services LLC acquired a new stake in SPDR S&P Insurance ETF during the first quarter valued at $497,000. Merit Financial Group LLC increased its holdings in SPDR S&P Insurance ETF by 16.0% in the first quarter. Merit Financial Group LLC now owns 19,620 shares of the exchange traded fund’s stock valued at $1,188,000 after buying an additional 2,708 shares in the last quarter. Finally, NBC Securities Inc. increased its holdings in SPDR S&P Insurance ETF by 136,250.0% in the first quarter. NBC Securities Inc. now owns 2,727 shares of the exchange traded fund’s stock valued at $165,000 after buying an additional 2,725 shares in the last quarter.

SPDR S&P Insurance ETF Stock Performance

Shares of SPDR S&P Insurance ETF stock opened at $57.73 on Wednesday. The firm has a 50-day simple moving average of $57.99 and a two-hundred day simple moving average of $57.99. SPDR S&P Insurance ETF has a fifty-two week low of $49.23 and a fifty-two week high of $62.47. The company has a market cap of $923.68 million, a P/E ratio of 12.16 and a beta of 0.77.

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.