Pinnacle Family Advisors LLC Makes New Investment in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Pinnacle Family Advisors LLC acquired a new stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 7,270 shares of the exchange traded fund’s stock, valued at approximately $413,000.

A number of other institutional investors have also recently modified their holdings of KIE. Raymond James & Associates raised its position in shares of SPDR S&P Insurance ETF by 261.0% in the 2nd quarter. Raymond James & Associates now owns 169,728 shares of the exchange traded fund’s stock valued at $8,458,000 after buying an additional 122,709 shares in the last quarter. SPC Financial Inc. acquired a new position in SPDR S&P Insurance ETF during the third quarter valued at approximately $4,747,000. DRW Securities LLC acquired a new position in SPDR S&P Insurance ETF during the third quarter valued at approximately $3,064,000. Fischer Investment Strategies LLC lifted its stake in SPDR S&P Insurance ETF by 119.6% during the second quarter. Fischer Investment Strategies LLC now owns 70,638 shares of the exchange traded fund’s stock worth $3,520,000 after purchasing an additional 38,476 shares during the last quarter. Finally, Prudential PLC bought a new position in shares of SPDR S&P Insurance ETF in the 2nd quarter valued at $1,835,000.

SPDR S&P Insurance ETF Stock Down 0.5 %

Shares of KIE stock opened at $61.17 on Wednesday. The business has a fifty day simple moving average of $58.23 and a 200 day simple moving average of $54.53. The company has a market cap of $856.38 million, a P/E ratio of 15.18 and a beta of 0.58. SPDR S&P Insurance ETF has a twelve month low of $44.24 and a twelve month high of $62.47.

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.