Ibex Wealth Advisors Buys Shares of 19,921 SPDR S&P Insurance ETF (NYSEARCA:KIE)

Ibex Wealth Advisors acquired a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the fourth quarter, Holdings Channel reports. The firm acquired 19,921 shares of the exchange traded fund’s stock, valued at approximately $1,126,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KIE. JPMorgan Chase & Co. boosted its holdings in 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 valued at $169,446,000 after purchasing an additional 248,015 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of SPDR S&P Insurance ETF during the third quarter worth approximately $12,990,000. SPC Financial Inc. acquired a new position in SPDR S&P Insurance ETF in the 3rd quarter valued at $4,747,000. DRW Securities LLC purchased a new position in SPDR S&P Insurance ETF in the 3rd quarter valued at $3,064,000. Finally, Miracle Mile Advisors LLC acquired a new stake in SPDR S&P Insurance ETF during the 4th quarter worth $1,963,000.

SPDR S&P Insurance ETF Stock Performance

Shares of NYSEARCA KIE traded up $0.27 during mid-day trading on Wednesday, reaching $58.32. The company’s stock had a trading volume of 159,453 shares, compared to its average volume of 805,014. The stock has a market capitalization of $816.51 million, a P/E ratio of 15.18 and a beta of 0.58. SPDR S&P Insurance ETF has a 1-year low of $46.14 and a 1-year high of $62.47. The stock has a 50-day moving average of $57.99 and a two-hundred day moving average of $56.47.

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.