SPDR S&P Insurance ETF (NYSEARCA:KIE – Get Free Report) shares reached a new 52-week high on Thursday. The stock traded as high as $67.19 and last traded at $66.9050, with a volume of 198,747 shares traded. The stock had previously closed at $65.78.
SPDR S&P Insurance ETF Trading Down 0.5%
The company’s fifty day moving average is $62.04 and its 200 day moving average is $59.72. The company has a market capitalization of $533.37 million, a P/E ratio of 14.40 and a beta of 0.57.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. AMG National Trust Bank bought a new stake in shares of SPDR S&P Insurance ETF during the third quarter valued at about $316,000. Lido Advisors LLC bought a new position in shares of SPDR S&P Insurance ETF in the third quarter valued at approximately $1,316,000. AlphaCore Capital LLC purchased a new position in SPDR S&P Insurance ETF during the third quarter valued at approximately $58,000. Allspring Global Investments Holdings LLC increased its holdings in SPDR S&P Insurance ETF by 345.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,156 shares of the exchange traded fund’s stock worth $128,000 after acquiring an additional 1,672 shares during the period. Finally, Parallel Advisors LLC bought a new stake in SPDR S&P Insurance ETF during the 3rd quarter worth approximately $167,000.
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. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.
Further Reading
- Five stocks we like better than SPDR S&P Insurance ETF
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
- South Korea’s Chip Exports Are Soaring—So Why Is This ETF Down 20%?
Receive News & Ratings for SPDR S&P Insurance ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Insurance ETF and related companies with MarketBeat.com's FREE daily email newsletter.
