Scotia Capital Inc. Invests $2.04 Million in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Scotia Capital Inc. bought a new stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the fourth quarter, Holdings Channel.com reports. The fund bought 36,012 shares of the exchange traded fund’s stock, valued at approximately $2,035,000.

Other hedge funds have also recently made changes to their positions in the company. Briaud Financial Planning Inc purchased a new stake in SPDR S&P Insurance ETF in the 4th quarter valued at about $27,000. GoalVest Advisory LLC purchased a new stake in shares of SPDR S&P Insurance ETF in the fourth quarter valued at approximately $30,000. Activest Wealth Management bought a new position in SPDR S&P Insurance ETF in the fourth quarter worth approximately $46,000. National Bank of Canada FI grew its stake in SPDR S&P Insurance ETF by 33.1% in the fourth quarter. National Bank of Canada FI now owns 1,167 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 290 shares in the last quarter. Finally, MGB Wealth Management LLC bought a new stake in SPDR S&P Insurance ETF during the 4th quarter valued at $70,000.

SPDR S&P Insurance ETF Trading Up 0.9 %

Shares of KIE stock opened at $56.43 on Friday. The stock has a market capitalization of $897.24 million, a price-to-earnings ratio of 12.76 and a beta of 0.72. SPDR S&P Insurance ETF has a twelve month low of $47.65 and a twelve month high of $62.47. The stock has a fifty day simple moving average of $58.43 and a two-hundred day simple moving average of $58.00.

SPDR S&P Insurance ETF 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.