J.Safra Asset Management Corp Increases Stock Position in SPDR S&P Insurance ETF $KIE

J.Safra Asset Management Corp raised its position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 667,995 shares of the exchange traded fund’s stock after buying an additional 7,950 shares during the quarter. SPDR S&P Insurance ETF comprises approximately 2.9% of J.Safra Asset Management Corp’s portfolio, making the stock its 14th biggest position. J.Safra Asset Management Corp owned 4.48% of SPDR S&P Insurance ETF worth $39,525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in SPDR S&P Insurance ETF during the first quarter valued at $27,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of SPDR S&P Insurance ETF in the 1st quarter worth about $384,000. Envestnet Asset Management Inc. raised its position in shares of SPDR S&P Insurance ETF by 2.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 191,854 shares of the exchange traded fund’s stock worth $11,613,000 after purchasing an additional 5,346 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of SPDR S&P Insurance ETF in the 1st quarter worth about $1,093,000. Finally, Blair William & Co. IL raised its position in shares of SPDR S&P Insurance ETF by 5.4% in the 1st quarter. Blair William & Co. IL now owns 5,329 shares of the exchange traded fund’s stock worth $323,000 after purchasing an additional 273 shares during the last quarter.

SPDR S&P Insurance ETF Price Performance

KIE opened at $58.46 on Tuesday. The stock has a 50-day moving average price of $58.67 and a 200-day moving average price of $58.16. The firm has a market cap of $698.60 million, a PE ratio of 14.40 and a beta of 0.86. SPDR S&P Insurance ETF has a 1 year low of $52.37 and a 1 year high of $62.47.

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.