Wells Fargo & Company MN lowered its stake in SPDR S&P Insurance ETF (NYSE:KIE) by 27.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,131 shares of the exchange traded fund’s stock after selling 31,470 shares during the quarter. Wells Fargo & Company MN’s holdings in SPDR S&P Insurance ETF were worth $7,320,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Partnervest Advisory Services LLC bought a new stake in shares of SPDR S&P Insurance ETF in the 2nd quarter valued at $206,000. Pension Partners LLC increased its holdings in SPDR S&P Insurance ETF by 0.4% during the 2nd quarter. Pension Partners LLC now owns 3,021 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 11 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in SPDR S&P Insurance ETF during the 2nd quarter worth about $286,000. Private Advisor Group LLC increased its holdings in SPDR S&P Insurance ETF by 14.7% during the 2nd quarter. Private Advisor Group LLC now owns 4,618 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 593 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of SPDR S&P Insurance ETF during the 2nd quarter worth about $522,000.
SPDR S&P Insurance ETF (NYSE KIE) opened at 91.96 on Tuesday. SPDR S&P Insurance ETF has a 1-year low of $73.28 and a 1-year high of $92.40. The stock’s 50 day moving average is $89.04 and its 200-day moving average is $88.08.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were given a dividend of $0.2945 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.18 annualized dividend and a yield of 1.28%.
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.
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