SPC Financial Inc. Increases Stock Holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE)

SPC Financial Inc. grew its holdings in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 87,495 shares of the exchange traded fund’s stock after purchasing an additional 3,843 shares during the quarter. SPC Financial Inc.’s holdings in SPDR S&P Insurance ETF were worth $4,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KIE. Janney Montgomery Scott LLC increased its holdings in SPDR S&P Insurance ETF by 40.5% during the third quarter. Janney Montgomery Scott LLC now owns 40,182 shares of the exchange traded fund’s stock valued at $2,280,000 after buying an additional 11,574 shares during the last quarter. Lindbrook Capital LLC bought a new stake in shares of SPDR S&P Insurance ETF during the 3rd quarter valued at $235,000. LMR Partners LLP purchased a new stake in shares of SPDR S&P Insurance ETF in the 3rd quarter worth $451,000. DRW Securities LLC bought a new position in SPDR S&P Insurance ETF in the 3rd quarter worth $3,064,000. Finally, FMR LLC lifted its position in SPDR S&P Insurance ETF by 19.5% during the third quarter. FMR LLC now owns 12,174 shares of the exchange traded fund’s stock valued at $691,000 after purchasing an additional 1,983 shares in the last quarter.

SPDR S&P Insurance ETF Stock Down 1.9 %

Shares of KIE opened at $59.11 on Wednesday. The business has a 50-day simple moving average of $57.35 and a two-hundred day simple moving average of $57.42. SPDR S&P Insurance ETF has a 52 week low of $47.65 and a 52 week high of $62.47. The stock has a market cap of $945.76 million, a price-to-earnings ratio of 12.89 and a beta of 0.88.

SPDR S&P Insurance ETF 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.