MGB Wealth Management LLC Buys New Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

MGB Wealth Management LLC purchased a new position in SPDR S&P Insurance ETF (NYSEARCA:KIE) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,230 shares of the exchange traded fund’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CX Institutional bought a new stake in SPDR S&P Insurance ETF in the 3rd quarter worth approximately $476,000. NBC Securities Inc. grew its position in SPDR S&P Insurance ETF by 306.0% during the third quarter. NBC Securities Inc. now owns 812 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 612 shares during the last quarter. SPC Financial Inc. purchased a new position in shares of SPDR S&P Insurance ETF during the third quarter worth approximately $4,747,000. Stratos Wealth Advisors LLC bought a new stake in shares of SPDR S&P Insurance ETF in the 3rd quarter worth approximately $319,000. Finally, Raymond James & Associates boosted its stake in shares of SPDR S&P Insurance ETF by 16.7% in the 3rd quarter. Raymond James & Associates now owns 198,120 shares of the exchange traded fund’s stock valued at $11,243,000 after purchasing an additional 28,392 shares in the last quarter.

SPDR S&P Insurance ETF Stock Performance

KIE stock opened at $58.30 on Friday. The firm has a market cap of $816.20 million, a P/E ratio of 15.18 and a beta of 0.58. The firm’s fifty day moving average is $57.21 and its 200 day moving average is $56.90. SPDR S&P Insurance ETF has a 52 week low of $47.65 and a 52 week 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.