SPDR S&P Insurance ETF Target of Unusually Large Options Trading (NYSEARCA:KIE)

SPDR S&P Insurance ETF (NYSEARCA:KIE) was the target of unusually large options trading activity on Wednesday. Investors acquired 3,085 put options on the company. This is an increase of approximately 190% compared to the average daily volume of 1,064 put options.

SPDR S&P Insurance ETF Trading Down 0.6%

Shares of KIE stock traded down $0.40 during trading on Wednesday, hitting $62.12. The company’s stock had a trading volume of 459,451 shares, compared to its average volume of 1,392,729. The business has a fifty day moving average of $63.89 and a 200-day moving average of $59.38. The company has a market cap of $614.99 million, a PE ratio of 14.40 and a beta of 0.59. SPDR S&P Insurance ETF has a 52 week low of $53.44 and a 52 week high of $66.53.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

A number of hedge funds have recently made changes to their positions in KIE. Bank of America Corp DE increased its stake in shares of SPDR S&P Insurance ETF by 68.9% during the 1st quarter. Bank of America Corp DE now owns 551,932 shares of the exchange traded fund’s stock worth $30,356,000 after purchasing an additional 225,106 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in SPDR S&P Insurance ETF in the fourth quarter worth $2,032,000. Walleye Capital LLC bought a new position in shares of SPDR S&P Insurance ETF during the 1st quarter worth $2,740,000. Blue Jean Financial LLC purchased a new stake in SPDR S&P Insurance ETF during the fourth quarter valued at about $750,000. Finally, Goldman Sachs Group Inc. boosted its position in SPDR S&P Insurance ETF by 9.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,486,296 shares of the exchange traded fund’s stock worth $89,401,000 after purchasing an additional 123,462 shares during the period.

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.