Stock Traders Purchase High Volume of SPDR S&P Insurance ETF Put Options (NYSEARCA:KIE)

SPDR S&P Insurance ETF (NYSEARCA:KIE) was the recipient of unusually large options trading activity on Thursday. Investors purchased 15,006 put options on the company. This is an increase of 781% compared to the typical volume of 1,704 put options.

SPDR S&P Insurance ETF Price Performance

Shares of KIE stock traded up $0.96 on Thursday, hitting $63.36. 693,307 shares of the stock traded hands, compared to its average volume of 1,482,926. SPDR S&P Insurance ETF has a 52 week low of $53.44 and a 52 week high of $63.37. The firm has a 50 day simple moving average of $57.59 and a two-hundred day simple moving average of $57.78. The firm has a market cap of $481.54 million, a price-to-earnings ratio of 14.40 and a beta of 0.60.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

A number of institutional investors and hedge funds have recently bought and sold shares of KIE. Farther Finance Advisors LLC boosted its stake in shares of SPDR S&P Insurance ETF by 705.9% in the fourth quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 360 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in SPDR S&P Insurance ETF by 75.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 788 shares of the exchange traded fund’s stock worth $47,000 after purchasing an additional 340 shares in the last quarter. Allworth Financial LP lifted its holdings in SPDR S&P Insurance ETF by 1,728.1% in the 4th quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 985 shares in the last quarter. CWM LLC boosted its stake in SPDR S&P Insurance ETF by 1,162.8% in the 4th quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 1,000 shares during the period. Finally, AlphaCore Capital LLC boosted its stake in SPDR S&P Insurance ETF by 103.6% in the 4th quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock worth $92,000 after purchasing an additional 781 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. 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.