FSA Wealth Management LLC Buys Shares of 700 SPDR S&P Insurance ETF (NYSEARCA:KIE)

FSA Wealth Management LLC purchased a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 700 shares of the exchange traded fund’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates boosted its position in SPDR S&P Insurance ETF by 16.7% during the third quarter. Raymond James & Associates now owns 198,120 shares of the exchange traded fund’s stock worth $11,243,000 after purchasing an additional 28,392 shares in the last quarter. Chicago Wealth Management Inc. raised its stake in shares of SPDR S&P Insurance ETF by 0.9% during the 2nd quarter. Chicago Wealth Management Inc. now owns 131,750 shares of the exchange traded fund’s stock worth $6,565,000 after buying an additional 1,221 shares during the last quarter. Zimmermann Investment Management & Planning LLC boosted its position 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 worth $4,743,000 after buying an additional 15,137 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SPDR S&P Insurance ETF by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 90,620 shares of the exchange traded fund’s stock valued at $4,516,000 after acquiring an additional 9,000 shares during the last quarter. Finally, SPC Financial Inc. purchased a new position in SPDR S&P Insurance ETF during the 3rd quarter valued at about $4,747,000.

SPDR S&P Insurance ETF Price Performance

Shares of NYSEARCA KIE opened at $61.97 on Monday. The firm’s 50-day moving average is $58.04 and its two-hundred day moving average is $54.37. The company has a market capitalization of $867.58 million, a PE ratio of 15.18 and a beta of 0.58. SPDR S&P Insurance ETF has a 12-month low of $44.24 and a 12-month 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.