GoalVest Advisory LLC Takes $30,000 Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

GoalVest Advisory LLC purchased a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 524 shares of the exchange traded fund’s stock, valued at approximately $30,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in SPDR S&P Insurance ETF by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 90,620 shares of the exchange traded fund’s stock worth $4,516,000 after purchasing an additional 9,000 shares during the period. Renaissance Technologies LLC grew its holdings in SPDR S&P Insurance ETF by 109.2% during the second quarter. Renaissance Technologies LLC now owns 50,000 shares of the exchange traded fund’s stock worth $2,492,000 after acquiring an additional 26,100 shares during the period. Marshall Wace LLP purchased a new position in SPDR S&P Insurance ETF in the second quarter worth $1,391,000. Chicago Wealth Management Inc. lifted its holdings in SPDR S&P Insurance ETF by 0.9% in the second quarter. Chicago Wealth Management Inc. now owns 131,750 shares of the exchange traded fund’s stock valued at $6,565,000 after acquiring an additional 1,221 shares during the period. Finally, Brookstone Capital Management lifted its holdings in SPDR S&P Insurance ETF by 3.2% in the third quarter. Brookstone Capital Management now owns 80,074 shares of the exchange traded fund’s stock valued at $4,544,000 after acquiring an additional 2,514 shares during the period.

SPDR S&P Insurance ETF Stock Down 0.7 %

NYSEARCA:KIE opened at $57.02 on Thursday. The firm’s fifty day simple moving average is $58.15 and its 200-day simple moving average is $56.23. The stock has a market cap of $798.28 million, a PE ratio of 15.18 and a beta of 0.58. SPDR S&P Insurance ETF has a fifty-two week low of $46.14 and a fifty-two week 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.