Ibex Wealth Advisors Trims Stock Holdings in SPDR S&P Insurance ETF $KIE

Ibex Wealth Advisors lowered its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 12.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 14,684 shares of the exchange traded fund’s stock after selling 2,165 shares during the period. Ibex Wealth Advisors’ holdings in SPDR S&P Insurance ETF were worth $877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Csenge Advisory Group raised its stake in shares of SPDR S&P Insurance ETF by 0.3% during the 2nd quarter. Csenge Advisory Group now owns 63,219 shares of the exchange traded fund’s stock valued at $3,739,000 after purchasing an additional 187 shares during the period. Integrity Alliance LLC. bought a new stake in shares of SPDR S&P Insurance ETF during the second quarter valued at about $443,000. IFG Advisory LLC bought a new position in shares of SPDR S&P Insurance ETF in the second quarter valued at approximately $244,000. Envestnet Asset Management Inc. boosted its position in shares of SPDR S&P Insurance ETF by 13.0% in the second quarter. Envestnet Asset Management Inc. now owns 216,707 shares of the exchange traded fund’s stock valued at $12,946,000 after acquiring an additional 24,853 shares during the period. Finally, Wealthfront Advisers LLC grew its stake in SPDR S&P Insurance ETF by 9.4% during the second quarter. Wealthfront Advisers LLC now owns 10,378 shares of the exchange traded fund’s stock valued at $620,000 after acquiring an additional 890 shares in the last quarter.

SPDR S&P Insurance ETF Price Performance

NYSEARCA KIE opened at $58.62 on Monday. The company’s 50 day simple moving average is $58.25 and its two-hundred day simple moving average is $58.18. SPDR S&P Insurance ETF has a 1 year low of $52.37 and a 1 year high of $62.47. The stock has a market capitalization of $638.96 million, a PE ratio of 14.40 and a beta of 0.74.

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.