Cumberland Advisors Inc. Buys 119,670 Shares of SPDR S&P Insurance ETF $KIE

Cumberland Advisors Inc. bought a new stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 119,670 shares of the exchange traded fund’s stock, valued at approximately $7,001,000. SPDR S&P Insurance ETF accounts for about 2.5% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 11th largest position. Cumberland Advisors Inc. owned about 1.44% of SPDR S&P Insurance ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in KIE. Ellis Investment Partners LLC acquired a new stake in SPDR S&P Insurance ETF during the 3rd quarter worth about $1,380,000. Bank of America Corp DE lifted its holdings in shares of SPDR S&P Insurance ETF by 68.9% in 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 buying an additional 225,106 shares during the period. Walleye Capital LLC acquired a new position in shares of SPDR S&P Insurance ETF in the 1st quarter valued at about $2,740,000. Triangle Securities Wealth Management acquired a new position in shares of SPDR S&P Insurance ETF in the 3rd quarter valued at about $4,598,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of SPDR S&P Insurance ETF in the third quarter worth about $1,394,000.

SPDR S&P Insurance ETF Stock Down 0.8%

Shares of KIE opened at $64.37 on Wednesday. The company has a market capitalization of $524.62 million, a price-to-earnings ratio of 14.40 and a beta of 0.57. SPDR S&P Insurance ETF has a 52 week low of $53.44 and a 52 week high of $66.53. The stock’s 50-day moving average price is $62.01 and its 200-day moving average price is $59.69.

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.