SPDR S&P Insurance ETF (NYSEARCA:KIE) Sets New 12-Month High – Here’s Why

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $59.66 and last traded at $59.56, with a volume of 512349 shares trading hands. The stock had previously closed at $59.35.

SPDR S&P Insurance ETF Price Performance

The company has a market cap of $828.38 million, a PE ratio of 15.18 and a beta of 0.58. The firm has a 50-day simple moving average of $56.96 and a two-hundred day simple moving average of $53.52.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

Hedge funds have recently made changes to their positions in the business. Raymond James & Associates increased its holdings in shares of SPDR S&P Insurance ETF by 16.7% during the 3rd quarter. Raymond James & Associates now owns 198,120 shares of the exchange traded fund’s stock worth $11,243,000 after buying an additional 28,392 shares during the last quarter. Chicago Wealth Management Inc. raised its holdings in shares of SPDR S&P Insurance ETF by 0.9% in the 2nd quarter. Chicago Wealth Management Inc. now owns 131,750 shares of the exchange traded fund’s stock worth $6,565,000 after purchasing an additional 1,221 shares during the period. Zimmermann Investment Management & Planning LLC lifted its stake in shares of SPDR S&P Insurance ETF by 18.9% in the 2nd quarter. Zimmermann Investment Management & Planning LLC now owns 95,178 shares of the exchange traded fund’s stock valued at $4,743,000 after purchasing an additional 15,137 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of 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. Finally, SPC Financial Inc. acquired a new stake in SPDR S&P Insurance ETF during the 3rd quarter worth approximately $4,747,000.

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.