SPDR S&P Insurance ETF (NYSEARCA:KIE – Get Free Report)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $56.49 and traded as low as $54.97. SPDR S&P Insurance ETF shares last traded at $55.26, with a volume of 976,198 shares changing hands.
SPDR S&P Insurance ETF Price Performance
The business has a 50-day moving average of $56.54 and a 200-day moving average of $57.79. The firm has a market cap of $449.51 million, a price-to-earnings ratio of 14.40 and a beta of 0.62.
Hedge Funds Weigh In On SPDR S&P Insurance ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of KIE. Cumberland Advisors Inc. boosted its holdings in shares of SPDR S&P Insurance ETF by 89.3% during the third quarter. Cumberland Advisors Inc. now owns 123,690 shares of the exchange traded fund’s stock worth $7,337,000 after acquiring an additional 58,360 shares during the period. Citigroup Inc. boosted its holdings in shares of SPDR S&P Insurance ETF by 267.0% during the third quarter. Citigroup Inc. now owns 1,182,119 shares of the exchange traded fund’s stock worth $70,123,000 after acquiring an additional 860,043 shares during the period. Perbak Capital Partners LLP bought a new stake in shares of SPDR S&P Insurance ETF during the third quarter worth approximately $11,279,000. JPMorgan Chase & Co. boosted its holdings in shares of SPDR S&P Insurance ETF by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 1,412,312 shares of the exchange traded fund’s stock worth $83,778,000 after acquiring an additional 433,329 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of SPDR S&P Insurance ETF by 65.9% during the third quarter. Kingsview Wealth Management LLC now owns 277,176 shares of the exchange traded fund’s stock worth $16,442,000 after acquiring an additional 110,150 shares during the period.
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. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.
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