SPDR S&P Insurance ETF (NYSEARCA:KIE) Hits New 52-Week High at $51.38

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $51.38 and last traded at $51.34, with a volume of 191601 shares changing hands. The stock had previously closed at $51.09.

SPDR S&P Insurance ETF Price Performance

The business’s 50-day moving average price is $48.98 and its two-hundred day moving average price is $45.80. The firm has a market cap of $626.24 million, a price-to-earnings ratio of 10.76 and a beta of 0.86.

Hedge Funds Weigh In On SPDR S&P Insurance ETF

Large investors have recently made changes to their positions in the business. Concourse Financial Group Securities Inc. boosted its position in shares of SPDR S&P Insurance ETF by 247.3% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 698 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 497 shares during the period. Advisors Preferred LLC acquired a new position in SPDR S&P Insurance ETF in the 4th quarter worth approximately $44,000. National Bank of Canada FI acquired a new position in SPDR S&P Insurance ETF in the 4th quarter worth approximately $70,000. US Bancorp DE boosted its stake in SPDR S&P Insurance ETF by 19.6% in the 2nd quarter. US Bancorp DE now owns 2,365 shares of the exchange traded fund’s stock worth $97,000 after purchasing an additional 388 shares during the period. Finally, Bank of Montreal Can boosted its stake in SPDR S&P Insurance ETF by 109.2% in the 1st quarter. Bank of Montreal Can now owns 2,490 shares of the exchange traded fund’s stock worth $106,000 after purchasing an additional 1,300 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.