SPDR S&P Insurance ETF (NYSEARCA:KIE) Hits New 1-Year High – Time to Buy?

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $57.76 and last traded at $57.75, with a volume of 847901 shares changing hands. The stock had previously closed at $57.33.

SPDR S&P Insurance ETF Price Performance

The firm has a market cap of $808.92 million, a PE ratio of 15.18 and a beta of 0.58. The business has a 50-day moving average price of $55.35 and a two-hundred day moving average price of $52.24.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Trust Asset Management LLC acquired a new stake in shares of SPDR S&P Insurance ETF in the second quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Insurance ETF during the second quarter worth $38,000. Lynx Investment Advisory acquired a new stake in shares of SPDR S&P Insurance ETF during the second quarter worth $49,000. Headlands Technologies LLC raised its position in shares of SPDR S&P Insurance ETF by 598.5% during the second quarter. Headlands Technologies LLC now owns 1,355 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 1,161 shares during the period. Finally, Manchester Capital Management LLC raised its position in shares of SPDR S&P Insurance ETF by 10.0% during the first quarter. Manchester Capital Management LLC now owns 3,300 shares of the exchange traded fund’s stock worth $172,000 after purchasing an additional 300 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.