SPDR S&P Insurance ETF (NYSEARCA:KIE) Reaches New 12-Month High – Here’s Why

SPDR S&P Insurance ETF (NYSEARCA:KIE) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $58.84 and last traded at $58.63, with a volume of 24024 shares traded. The stock had previously closed at $56.08.

SPDR S&P Insurance ETF Stock Up 1.3 %

The stock has a market capitalization of $820.82 million, a PE ratio of 15.18 and a beta of 0.58. The company has a 50-day moving average of $56.68 and a 200 day moving average of $53.18.

Institutional Trading of SPDR S&P Insurance ETF

A number of hedge funds and other institutional investors have recently modified their holdings of KIE. Global Trust Asset Management LLC purchased a new position in SPDR S&P Insurance ETF during the second quarter worth about $25,000. Silicon Valley Capital Partners acquired a new position in SPDR S&P Insurance ETF in the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Insurance ETF in the 2nd quarter valued at about $38,000. NBC Securities Inc. boosted its holdings in SPDR S&P Insurance ETF by 306.0% in the 3rd quarter. NBC Securities Inc. now owns 812 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 612 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new position in SPDR S&P Insurance ETF in the 2nd quarter valued at about $49,000.

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.