Chicago Wealth Management Inc. Raises Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Chicago Wealth Management Inc. boosted its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,080 shares of the exchange traded fund’s stock after purchasing an additional 5,558 shares during the quarter. SPDR S&P Insurance ETF comprises 4.1% of Chicago Wealth Management Inc.’s portfolio, making the stock its 15th largest position. Chicago Wealth Management Inc.’s holdings in SPDR S&P Insurance ETF were worth $7,917,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp purchased a new position in shares of SPDR S&P Insurance ETF in the fourth quarter worth approximately $36,450,000. Raymond James Financial Inc. bought a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter valued at approximately $18,178,000. JPMorgan Chase & Co. increased its holdings in shares of SPDR S&P Insurance ETF by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 2,985,840 shares of the exchange traded fund’s stock worth $169,446,000 after purchasing an additional 248,015 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of SPDR S&P Insurance ETF during the 3rd quarter valued at approximately $12,990,000. Finally, Beacon Harbor Wealth Advisors Inc. purchased a new position in SPDR S&P Insurance ETF in the fourth quarter worth about $11,609,000.

SPDR S&P Insurance ETF Price Performance

Shares of NYSEARCA KIE opened at $58.38 on Wednesday. The firm has a 50-day simple moving average of $57.60 and a two-hundred day simple moving average of $57.61. SPDR S&P Insurance ETF has a 1 year low of $47.65 and a 1 year high of $62.47. The company has a market cap of $934.08 million, a P/E ratio of 12.89 and a beta of 0.88.

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.