Walleye Capital LLC Takes Position in SPDR S&P Insurance ETF $KIE

Walleye Capital LLC purchased a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 49,817 shares of the exchange traded fund’s stock, valued at approximately $2,740,000. Walleye Capital LLC owned 0.63% of SPDR S&P Insurance ETF at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Kaizen Financial Strategies raised its position in SPDR S&P Insurance ETF by 2.8% in 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 period. CoreCap Advisors LLC lifted its stake in shares of SPDR S&P Insurance ETF by 9.9% during the fourth quarter. CoreCap Advisors LLC now owns 3,415 shares of the exchange traded fund’s stock worth $205,000 after purchasing an additional 309 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted 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 during the period. Farther Finance Advisors LLC boosted its position in shares of SPDR S&P Insurance ETF by 705.9% in the fourth quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 360 shares during the period. Finally, US Bancorp DE boosted its position in shares of SPDR S&P Insurance ETF by 26.3% in the third quarter. US Bancorp DE now owns 2,153 shares of the exchange traded fund’s stock worth $128,000 after buying an additional 449 shares during the period.

SPDR S&P Insurance ETF Stock Performance

KIE stock opened at $62.77 on Friday. The firm has a market cap of $633.98 million, a P/E ratio of 14.40 and a beta of 0.60. SPDR S&P Insurance ETF has a 1 year low of $53.44 and a 1 year high of $65.20. The stock has a 50-day simple moving average of $59.69 and a 200-day simple moving average of $58.11.

About SPDR S&P Insurance ETF

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.