Oppenheimer & Co. Inc. acquired a new stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,760 shares of the exchange traded fund’s stock, valued at approximately $1,273,000.
Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its stake in SPDR S&P Insurance ETF by 68.9% during the 1st quarter. Bank of America Corp DE now owns 551,932 shares of the exchange traded fund’s stock valued at $30,356,000 after purchasing an additional 225,106 shares in the last quarter. Triangle Securities Wealth Management acquired a new position in shares of SPDR S&P Insurance ETF during the 3rd quarter valued at $4,598,000. Walleye Capital LLC bought a new stake in shares of SPDR S&P Insurance ETF in the 1st quarter worth $2,740,000. Toth Financial Advisory Corp bought a new stake in shares of SPDR S&P Insurance ETF in the 3rd quarter worth $1,394,000. Finally, Ellis Investment Partners LLC bought a new stake in shares of SPDR S&P Insurance ETF in the 3rd quarter worth $1,380,000.
SPDR S&P Insurance ETF Price Performance
Shares of SPDR S&P Insurance ETF stock opened at $63.70 on Monday. The firm has a market cap of $512.78 million, a price-to-earnings ratio of 14.40 and a beta of 0.59. The business has a fifty day simple moving average of $61.98 and a 200-day simple moving average of $59.63. SPDR S&P Insurance ETF has a fifty-two week low of $53.44 and a fifty-two week high of $66.53.
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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