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

SPDR S&P Insurance ETF (NYSEARCA:KIE) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 15,006 put options on the stock. This is an increase of approximately 781% compared to the average volume of 1,704 put options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in shares of SPDR S&P Insurance ETF by 705.9% during the fourth quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 360 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of SPDR S&P Insurance ETF by 75.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 788 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 340 shares in the last quarter. Allworth Financial LP lifted its position in shares of SPDR S&P Insurance ETF by 1,728.1% in the fourth quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 985 shares in the last quarter. CWM LLC lifted its position in shares of SPDR S&P Insurance ETF by 1,162.8% in the fourth quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 1,000 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its stake in SPDR S&P Insurance ETF by 103.6% during the fourth quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock valued at $92,000 after buying an additional 781 shares during the last quarter.

SPDR S&P Insurance ETF Trading Up 1.5%

KIE traded up $0.96 during trading on Thursday, hitting $63.36. 693,307 shares of the company traded hands, compared to its average volume of 1,482,926. The company has a market cap of $481.54 million, a PE ratio of 14.40 and a beta of 0.60. The stock’s 50-day simple moving average is $57.59 and its two-hundred day simple moving average is $57.78. SPDR S&P Insurance ETF has a 1 year low of $53.44 and a 1 year high of $63.37.

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.