SPDR S&P Insurance ETF (NYSEARCA:KIE – Get Free Report) saw some unusual options trading on Thursday. Stock traders acquired 15,006 put options on the stock. This represents an increase of 781% compared to the average volume of 1,704 put options.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in SPDR S&P Insurance ETF by 44.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,412,312 shares of the exchange traded fund’s stock worth $83,778,000 after purchasing an additional 433,329 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of SPDR S&P Insurance ETF by 173,743.6% in the second quarter. Qube Research & Technologies Ltd now owns 259,027 shares of the exchange traded fund’s stock worth $15,474,000 after buying an additional 258,878 shares in the last quarter. Millennium Management LLC purchased a new position in shares of SPDR S&P Insurance ETF in the fourth quarter worth $15,137,000. Bank of America Corp DE boosted its position in shares of SPDR S&P Insurance ETF by 68.9% during the first quarter. Bank of America Corp DE now owns 551,932 shares of the exchange traded fund’s stock worth $30,356,000 after acquiring an additional 225,106 shares during the last quarter. Finally, Perbak Capital Partners LLP bought a new position in shares of SPDR S&P Insurance ETF during the third quarter worth $11,279,000.
SPDR S&P Insurance ETF Stock Performance
NYSEARCA:KIE remained flat at $64.08 during mid-day trading on Friday. The company’s stock had a trading volume of 2,063,950 shares, compared to its average volume of 1,494,999. The company has a 50 day moving average of $57.71 and a two-hundred day moving average of $57.80. The company has a market cap of $487.01 million, a price-to-earnings ratio of 14.40 and a beta of 0.60. SPDR S&P Insurance ETF has a twelve month low of $53.44 and a twelve month high of $64.09.
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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