Capital Square LLC Buys New Shares in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Capital Square LLC purchased a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,077 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UBS Group AG grew its position in SPDR S&P Insurance ETF by 440.5% during the 4th quarter. UBS Group AG now owns 446,056 shares of the exchange traded fund’s stock worth $20,171,000 after purchasing an additional 363,536 shares during the period. Raymond James & Associates grew its position in SPDR S&P Insurance ETF by 261.0% during the 2nd quarter. Raymond James & Associates now owns 169,728 shares of the exchange traded fund’s stock worth $8,458,000 after purchasing an additional 122,709 shares during the period. Kingsview Wealth Management LLC grew its position in SPDR S&P Insurance ETF by 345.7% during the 1st quarter. Kingsview Wealth Management LLC now owns 130,814 shares of the exchange traded fund’s stock worth $6,812,000 after purchasing an additional 101,462 shares during the period. Zimmermann Investment Management & Planning LLC grew its position in SPDR S&P Insurance ETF by 18.9% during the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 95,178 shares of the exchange traded fund’s stock worth $4,743,000 after purchasing an additional 15,137 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in SPDR S&P Insurance ETF by 1,142.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 83,702 shares of the exchange traded fund’s stock worth $4,358,000 after purchasing an additional 76,965 shares during the period.

SPDR S&P Insurance ETF Stock Up 0.2 %

Shares of KIE stock traded up $0.10 during mid-day trading on Tuesday, hitting $56.58. 153,009 shares of the stock were exchanged, compared to its average volume of 911,202. The firm has a fifty day moving average of $52.50 and a 200 day moving average of $50.97. SPDR S&P Insurance ETF has a 52-week low of $41.47 and a 52-week high of $56.74. The company has a market cap of $792.12 million, a PE ratio of 15.18 and a beta of 0.58.

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.