Ellis Investment Partners LLC Buys 23,595 Shares of SPDR S&P Insurance ETF $KIE

Ellis Investment Partners LLC bought a new stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 23,595 shares of the exchange traded fund’s stock, valued at approximately $1,380,000.

A number of other large investors have also added to or reduced their stakes in KIE. Bank of America Corp DE boosted its holdings in SPDR S&P Insurance ETF by 68.9% in the first quarter. Bank of America Corp DE now owns 551,932 shares of the exchange traded fund’s stock valued at $30,356,000 after acquiring an additional 225,106 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of SPDR S&P Insurance ETF during the first quarter valued at approximately $2,740,000. Toth Financial Advisory Corp bought a new position in SPDR S&P Insurance ETF in the third quarter worth $1,394,000. Triangle Securities Wealth Management purchased a new position in SPDR S&P Insurance ETF during the third quarter valued at $4,598,000. Finally, Fairvoy Private Wealth LLC purchased a new stake in shares of SPDR S&P Insurance ETF in the 1st quarter worth about $750,000.

SPDR S&P Insurance ETF Trading Down 0.1%

KIE traded down $0.06 during midday trading on Wednesday, reaching $63.09. The company’s stock had a trading volume of 356,940 shares, compared to its average volume of 1,354,847. SPDR S&P Insurance ETF has a 1 year low of $53.44 and a 1 year high of $66.53. The stock’s 50-day moving average is $62.04 and its 200-day moving average is $60.41. The firm has a market capitalization of $542.59 million, a price-to-earnings ratio of 14.40 and a beta of 0.59.

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.