SPDR S&P Insurance ETF (NYSEARCA:KIE) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

SPDR S&P Insurance ETF (NYSEARCA:KIE) shares passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $62.95 and traded as low as $59.02. SPDR S&P Insurance ETF shares last traded at $59.24, with a volume of 1,148,826 shares traded.

SPDR S&P Insurance ETF Stock Performance

The firm has a market cap of $533.16 million, a PE ratio of 14.40 and a beta of 0.59. The stock has a 50 day simple moving average of $62.95 and a two-hundred day simple moving average of $59.85.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR S&P Insurance ETF during the 2nd quarter worth approximately $86,000. Parallel Advisors LLC acquired a new stake in SPDR S&P Insurance ETF during the first quarter valued at $140,000. Fifth Third Bancorp acquired a new stake in SPDR S&P Insurance ETF during the first quarter valued at $212,000. DV Trading LLC purchased a new position in SPDR S&P Insurance ETF in the first quarter valued at $220,000. Finally, Baird Financial Group Inc. acquired a new position in shares of SPDR S&P Insurance ETF in the second quarter worth about $270,000.

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.