SPDR S&P Insurance ETF (NYSEARCA:KIE) Stock Passes Above 50-Day Moving Average – What’s Next?

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $60.87 and traded as high as $64.85. SPDR S&P Insurance ETF shares last traded at $64.72, with a volume of 1,179,554 shares trading hands.

SPDR S&P Insurance ETF Stock Performance

The firm has a market cap of $644.99 million, a PE ratio of 14.40 and a beta of 0.60. The company’s 50-day simple moving average is $61.23 and its two-hundred day simple moving average is $58.49.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. DV Trading LLC bought a new stake in SPDR S&P Insurance ETF during the first quarter worth about $220,000. Bank of America Corp DE increased its stake in shares of SPDR S&P Insurance ETF by 68.9% during the first quarter. Bank of America Corp DE now owns 551,932 shares of the exchange traded fund’s stock valued at $30,356,000 after purchasing an additional 225,106 shares in the last quarter. Walleye Capital LLC bought a new position in shares of SPDR S&P Insurance ETF during the first quarter valued at approximately $2,740,000. Parallel Advisors LLC purchased a new position in shares of SPDR S&P Insurance ETF during the first quarter valued at approximately $140,000. Finally, Kaizen Financial Strategies lifted its holdings in shares of SPDR S&P Insurance ETF by 2.8% during the first quarter. Kaizen Financial Strategies now owns 7,350 shares of the exchange traded fund’s stock valued at $424,000 after purchasing an additional 200 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.