Miracle Mile Advisors LLC Invests $1.96 Million in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Miracle Mile Advisors LLC acquired a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 34,725 shares of the exchange traded fund’s stock, valued at approximately $1,963,000.

Other hedge funds also recently modified their holdings of the company. Silicon Valley Capital Partners acquired a new stake in shares of SPDR S&P Insurance ETF during the third quarter worth approximately $34,000. FSA Wealth Management LLC acquired a new stake in shares of SPDR S&P Insurance ETF during the third quarter worth approximately $40,000. NBC Securities Inc. grew its stake in shares of SPDR S&P Insurance ETF by 306.0% during the third quarter. NBC Securities Inc. now owns 812 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 612 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of SPDR S&P Insurance ETF by 598.5% during the second quarter. Headlands Technologies LLC now owns 1,355 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of SPDR S&P Insurance ETF by 83.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,400 shares of the exchange traded fund’s stock valued at $79,000 after purchasing an additional 635 shares during the last quarter.

SPDR S&P Insurance ETF Price Performance

KIE opened at $55.81 on Wednesday. SPDR S&P Insurance ETF has a one year low of $45.73 and a one year high of $62.47. The company’s 50 day simple moving average is $58.35 and its 200-day simple moving average is $55.92. The stock has a market capitalization of $781.34 million, a P/E ratio of 15.18 and a beta of 0.58.

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.