Miracle Mile Advisors LLC Takes Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Miracle Mile Advisors LLC acquired a new stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,725 shares of the exchange traded fund’s stock, valued at approximately $1,963,000. Miracle Mile Advisors LLC owned about 0.25% of SPDR S&P Insurance ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of SPDR S&P Insurance ETF by 9.1% during the third quarter. JPMorgan Chase & Co. now owns 2,985,840 shares of the exchange traded fund’s stock valued at $169,446,000 after buying an additional 248,015 shares during the last quarter. Fulcrum Equity Management acquired a new position in SPDR S&P Insurance ETF in the third quarter worth about $1,324,000. MML Investors Services LLC raised its position in SPDR S&P Insurance ETF by 1.5% in the third quarter. MML Investors Services LLC now owns 57,485 shares of the exchange traded fund’s stock worth $3,262,000 after purchasing an additional 876 shares in the last quarter. EP Wealth Advisors LLC raised its position in SPDR S&P Insurance ETF by 6.5% in the third quarter. EP Wealth Advisors LLC now owns 7,378 shares of the exchange traded fund’s stock worth $419,000 after purchasing an additional 449 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in SPDR S&P Insurance ETF in the third quarter worth about $12,990,000.

SPDR S&P Insurance ETF Stock Up 2.0 %

NYSEARCA:KIE opened at $55.81 on Wednesday. SPDR S&P Insurance ETF has a 12-month low of $45.73 and a 12-month high of $62.47. The firm has a market capitalization of $781.34 million, a PE ratio of 15.18 and a beta of 0.58. The firm has a 50-day moving average price of $58.35 and a 200 day moving average price of $55.92.

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.