SPDR S&P Insurance ETF (NYSEARCA:KIE) Stock Crosses Above 50-Day Moving Average – What’s Next?

SPDR S&P Insurance ETF (NYSEARCA:KIE) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $60.87 and traded as high as $64.85. SPDR S&P Insurance ETF shares last traded at $64.72, with a volume of 1,179,554 shares.

SPDR S&P Insurance ETF Stock Up 0.1%

The company has a market capitalization of $640.73 million, a PE ratio of 14.40 and a beta of 0.60. The stock has a 50-day moving average of $60.87 and a 200 day moving average of $58.40.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

Several large investors have recently made changes to their positions in KIE. Farther Finance Advisors LLC boosted its holdings in shares of SPDR S&P Insurance ETF by 705.9% in the 4th 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 last quarter. Federation des caisses Desjardins du Quebec boosted 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 valued at $47,000 after acquiring an additional 340 shares during the last quarter. Allworth Financial LP boosted its stake in SPDR S&P Insurance ETF by 1,728.1% in the fourth quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 985 shares during the last quarter. CWM LLC grew its position in shares of SPDR S&P Insurance ETF by 1,162.8% during the 4th quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 1,000 shares during the period. Finally, AlphaCore Capital LLC grew its position in shares of SPDR S&P Insurance ETF by 103.6% during the 4th quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock valued at $92,000 after acquiring an additional 781 shares during the period.

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.