SPDR S&P Insurance ETF (NYSEARCA:KIE) Sees Unusually-High Trading Volume

SPDR S&P Insurance ETF (NYSEARCA:KIE) shares saw strong trading volume on Tuesday . 592,885 shares changed hands during mid-day trading, a decline of 33% from the previous session’s volume of 889,195 shares.The stock last traded at $49.64 and had previously closed at $49.88.

SPDR S&P Insurance ETF Stock Up 0.1 %

The company’s fifty day moving average is $50.25 and its 200 day moving average is $48.94. The firm has a market cap of $699.02 million, a price-to-earnings ratio of 15.18 and a beta of 0.58.

Institutional Trading of SPDR S&P Insurance ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in KIE. Triangle Securities Wealth Management raised its position in shares of 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 purchasing an additional 255 shares during the period. Manchester Capital Management LLC raised its position in shares of SPDR S&P Insurance ETF by 10.0% in the first quarter. Manchester Capital Management LLC now owns 3,300 shares of the exchange traded fund’s stock valued at $172,000 after purchasing an additional 300 shares during the period. Global Retirement Partners LLC raised its position in shares of SPDR S&P Insurance ETF by 3.2% in the first quarter. Global Retirement Partners LLC now owns 19,008 shares of the exchange traded fund’s stock valued at $990,000 after purchasing an additional 588 shares during the period. Cookson Peirce & Co. Inc. raised its position in shares of SPDR S&P Insurance ETF by 5.2% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 12,027 shares of the exchange traded fund’s stock valued at $544,000 after purchasing an additional 597 shares during the period. Finally, Kestra Advisory Services LLC raised its position in shares of SPDR S&P Insurance ETF by 14.4% in the third quarter. Kestra Advisory Services LLC now owns 6,384 shares of the exchange traded fund’s stock valued at $272,000 after purchasing an additional 806 shares during the period.

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.