SPDR S&P Insurance ETF (NYSEARCA:KIE) Hits New 1-Year High – What’s Next?

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s stock price hit a new 52-week high on Monday . The company traded as high as $57.76 and last traded at $57.75, with a volume of 847901 shares trading hands. The stock had previously closed at $57.33.

SPDR S&P Insurance ETF Trading Up 0.7 %

The firm’s fifty day moving average price is $55.72 and its 200-day moving average price is $52.37. The company has a market cap of $814.94 million, a price-to-earnings ratio of 15.18 and a beta of 0.58.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

Several large investors have recently made changes to their positions in KIE. Global Trust Asset Management LLC bought a new position in shares of SPDR S&P Insurance ETF during the second quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P Insurance ETF during the 2nd quarter worth approximately $38,000. NBC Securities Inc. raised its holdings in shares of SPDR S&P Insurance ETF by 306.0% in the third 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. Lynx Investment Advisory acquired a new stake in shares of SPDR S&P Insurance ETF in the second quarter valued at approximately $49,000. Finally, Headlands Technologies LLC lifted its position in shares of SPDR S&P Insurance ETF by 598.5% in the second quarter. Headlands Technologies LLC now owns 1,355 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 1,161 shares in the last quarter.

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.