SPDR S&P Insurance ETF (NYSEARCA:KIE) Hits New 1-Year High – What’s Next?

SPDR S&P Insurance ETF (NYSEARCA:KIE) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $65.20 and last traded at $64.41, with a volume of 1369771 shares traded. The stock had previously closed at $63.85.

SPDR S&P Insurance ETF Price Performance

The firm has a fifty day moving average of $58.08 and a two-hundred day moving average of $57.87. The stock has a market capitalization of $521.72 million, a P/E ratio of 14.40 and a beta of 0.60.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

Several large investors have recently modified their holdings of the business. Kaizen Financial Strategies lifted its position in shares of SPDR S&P Insurance ETF by 2.8% in the 1st quarter. Kaizen Financial Strategies now owns 7,350 shares of the exchange traded fund’s stock worth $424,000 after purchasing an additional 200 shares during the period. CoreCap Advisors LLC raised its stake in SPDR S&P Insurance ETF by 9.9% in the fourth quarter. CoreCap Advisors LLC now owns 3,415 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 309 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in 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 in the last quarter. Farther Finance Advisors LLC lifted its holdings in SPDR S&P Insurance ETF by 705.9% during 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 SPDR S&P Insurance ETF by 26.3% during the 3rd quarter. US Bancorp DE now owns 2,153 shares of the exchange traded fund’s stock valued at $128,000 after acquiring an additional 449 shares in the last quarter.

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. 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.