Spire Wealth Management Sells 398 Shares of SPDR S&P Insurance ETF $KIE

Spire Wealth Management decreased its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 2.0% in the second quarter, Holdings Channel.com reports. The firm owned 19,794 shares of the exchange traded fund’s stock after selling 398 shares during the period. Spire Wealth Management’s holdings in SPDR S&P Insurance ETF were worth $1,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in SPDR S&P Insurance ETF during the first quarter worth $27,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of SPDR S&P Insurance ETF in the 1st quarter worth about $384,000. Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P Insurance ETF by 2.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 191,854 shares of the exchange traded fund’s stock worth $11,613,000 after purchasing an additional 5,346 shares during the period. Baird Financial Group Inc. purchased a new position in shares of SPDR S&P Insurance ETF during the 1st quarter worth about $1,093,000. Finally, Blair William & Co. IL grew its holdings in SPDR S&P Insurance ETF by 5.4% during the 1st quarter. Blair William & Co. IL now owns 5,329 shares of the exchange traded fund’s stock valued at $323,000 after purchasing an additional 273 shares during the last quarter.

SPDR S&P Insurance ETF Stock Performance

Shares of NYSEARCA KIE opened at $56.39 on Friday. The business’s 50 day moving average price is $58.41 and its 200-day moving average price is $58.14. The company has a market cap of $634.39 million, a price-to-earnings ratio of 14.40 and a beta of 0.74. SPDR S&P Insurance ETF has a fifty-two week low of $52.37 and a fifty-two week high of $62.47.

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.