SPDR S&P Insurance ETF (NYSEARCA:KIE) Hits New 52-Week High at $51.38

Shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) reached a new 52-week high on Tuesday . The company traded as high as $51.38 and last traded at $51.34, with a volume of 191601 shares changing hands. The stock had previously closed at $51.09.

SPDR S&P Insurance ETF Stock Up 1.4 %

The company has a 50-day moving average of $48.98 and a 200-day moving average of $45.80. The company has a market cap of $626.24 million, a PE ratio of 10.76 and a beta of 0.86.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KIE. Brookstone Capital Management boosted its position in SPDR S&P Insurance ETF by 329.2% in the fourth quarter. Brookstone Capital Management now owns 70,121 shares of the exchange traded fund’s stock worth $3,171,000 after purchasing an additional 53,785 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new position in shares of SPDR S&P Insurance ETF in the 3rd quarter worth about $407,000. Envestnet Asset Management Inc. boosted its stake in SPDR S&P Insurance ETF by 205.1% in the third quarter. Envestnet Asset Management Inc. now owns 245,144 shares of the exchange traded fund’s stock valued at $10,428,000 after acquiring an additional 164,793 shares during the last quarter. Triangle Securities Wealth Management boosted its stake in SPDR S&P Insurance ETF by 0.3% in the fourth quarter. Triangle Securities Wealth Management now owns 85,829 shares of the exchange traded fund’s stock valued at $3,881,000 after acquiring an additional 255 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in SPDR S&P Insurance ETF in the third quarter valued at about $1,206,000.

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.