SPDR S&P Insurance ETF (NYSEARCA:KIE) Reaches New 12-Month High – Here’s What Happened

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $65.20 and last traded at $64.41, with a volume of 1369771 shares. The stock had previously closed at $63.85.

SPDR S&P Insurance ETF Trading Down 0.2%

The firm has a 50-day moving average of $58.30 and a two-hundred day moving average of $57.91. The firm has a market cap of $513.78 million, a price-to-earnings ratio of 14.40 and a beta of 0.60.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KIE. Farther Finance Advisors LLC boosted its position in shares of SPDR S&P Insurance ETF by 705.9% in the fourth quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 360 shares during the period. Federation des caisses Desjardins du Quebec raised its stake in SPDR S&P Insurance ETF by 75.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 788 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 340 shares during the last quarter. Allworth Financial LP boosted its holdings in SPDR S&P Insurance ETF by 1,728.1% in the 4th quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 985 shares during the period. CWM LLC boosted its holdings in SPDR S&P Insurance ETF by 1,162.8% in the 4th quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 1,000 shares during the period. Finally, AlphaCore Capital LLC boosted its holdings in SPDR S&P Insurance ETF by 103.6% in the 4th quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock valued at $92,000 after purchasing an additional 781 shares during the period.

SPDR S&P Insurance ETF Company 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.