J.Safra Asset Management Corp boosted its position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE – Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 719,781 shares of the exchange traded fund’s stock after purchasing an additional 23,190 shares during the period. SPDR S&P Insurance ETF accounts for approximately 2.3% of J.Safra Asset Management Corp’s portfolio, making the stock its 14th biggest position. J.Safra Asset Management Corp owned about 0.09% of SPDR S&P Insurance ETF worth $43,295,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in SPDR S&P Insurance ETF by 9.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,486,296 shares of the exchange traded fund’s stock valued at $89,401,000 after purchasing an additional 123,462 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 valued at $83,778,000 after purchasing an additional 433,329 shares during the last quarter. Citigroup Inc. boosted its position in 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 valued at $70,123,000 after purchasing an additional 860,043 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in 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 valued at $16,442,000 after purchasing an additional 110,150 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in SPDR S&P Insurance ETF by 173,743.6% during the second quarter. Qube Research & Technologies Ltd now owns 259,027 shares of the exchange traded fund’s stock valued at $15,474,000 after purchasing an additional 258,878 shares during the last quarter.
SPDR S&P Insurance ETF Trading Up 2.0%
KIE opened at $58.08 on Thursday. The stock has a market cap of $458.83 million, a price-to-earnings ratio of 14.40 and a beta of 0.62. SPDR S&P Insurance ETF has a 1 year low of $53.44 and a 1 year high of $61.26. The stock has a fifty day moving average price of $56.71 and a 200 day moving average price of $57.76.
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. 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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