SPDR S&P Insurance ETF (NYSEARCA:KIE) Reaches New 52-Week High at $44.57

Shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) reached a new 52-week high during trading on Tuesday . The stock traded as high as $44.57 and last traded at $44.55, with a volume of 620959 shares. The stock had previously closed at $44.18.

SPDR S&P Insurance ETF Trading Up 0.8 %

The company has a market cap of $536.71 million, a PE ratio of 10.76 and a beta of 0.86. The company’s 50 day moving average is $43.10 and its 200 day moving average is $41.78.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KIE. Goldman Sachs Group Inc. grew its position in shares of SPDR S&P Insurance ETF by 29.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,708,431 shares of the exchange traded fund’s stock worth $102,514,000 after buying an additional 614,749 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of SPDR S&P Insurance ETF by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,401,988 shares of the exchange traded fund’s stock worth $102,181,000 after buying an additional 37,790 shares during the last quarter. Bank of America Corp DE grew its position in shares of SPDR S&P Insurance ETF by 23.8% in the 1st quarter. Bank of America Corp DE now owns 526,940 shares of the exchange traded fund’s stock worth $20,740,000 after buying an additional 101,160 shares during the last quarter. LPL Financial LLC grew its position in shares of SPDR S&P Insurance ETF by 1.7% in the 1st quarter. LPL Financial LLC now owns 514,398 shares of the exchange traded fund’s stock worth $20,247,000 after buying an additional 8,699 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of SPDR S&P Insurance ETF by 143.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 418,258 shares of the exchange traded fund’s stock worth $17,631,000 after buying an additional 246,750 shares during the last quarter.

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.