SPDR S&P Insurance ETF (NYSEARCA:KIE) Sets New 52-Week High – Here’s Why

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company 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 4.5 %

The company has a 50-day moving average price of $56.59 and a 200-day moving average price of $53.11. The company has a market capitalization of $820.54 million, a price-to-earnings ratio of 15.18 and a beta of 0.58.

Institutional Trading of SPDR S&P Insurance ETF

Hedge funds have recently modified their holdings of the company. Manchester Capital Management LLC lifted its position in SPDR S&P Insurance ETF by 10.0% during the 1st quarter. Manchester Capital Management LLC now owns 3,300 shares of the exchange traded fund’s stock worth $172,000 after buying an additional 300 shares in the last quarter. PFG Investments LLC grew its position in SPDR S&P Insurance ETF by 6.9% during the 3rd quarter. PFG Investments LLC now owns 6,593 shares of the exchange traded fund’s stock worth $374,000 after acquiring an additional 423 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in SPDR S&P Insurance ETF in the 2nd quarter valued at approximately $25,000. Fifth Third Securities Inc. raised its position in shares of SPDR S&P Insurance ETF by 6.9% during the second quarter. Fifth Third Securities Inc. now owns 7,957 shares of the exchange traded fund’s stock worth $396,000 after acquiring an additional 512 shares during the last quarter. Finally, Ellis Investment Partners LLC increased its position in shares of SPDR S&P Insurance ETF by 2.7% during the second quarter. Ellis Investment Partners LLC now owns 19,724 shares of the exchange traded fund’s stock worth $983,000 after buying an additional 517 shares during the period.

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.