SPDR S&P Insurance ETF (NYSEARCA:KIE) Sets New 12-Month High – What’s Next?

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $66.01 and last traded at $65.88, with a volume of 146235 shares changing hands. The stock had previously closed at $64.74.

SPDR S&P Insurance ETF Trading Up 2.1%

The company has a market cap of $667.31 million, a price-to-earnings ratio of 14.40 and a beta of 0.60. The business has a fifty day moving average price of $59.98 and a two-hundred day moving average price of $58.17.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in shares of SPDR S&P Insurance ETF by 705.9% during the 4th quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 360 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its stake 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 acquiring an additional 340 shares during the last quarter. Allworth Financial LP raised its holdings in shares of SPDR S&P Insurance ETF by 1,728.1% during the fourth quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 985 shares in the last quarter. CWM LLC raised its holdings in shares of SPDR S&P Insurance ETF by 1,162.8% during the fourth quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock worth $65,000 after acquiring an additional 1,000 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its position 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 purchasing an additional 781 shares during the last quarter.

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.