SPDR S&P Insurance ETF (NYSEARCA:KIE) Sets New 52-Week High at $53.50

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s share price hit a new 52-week high on Monday . The company traded as high as $53.50 and last traded at $53.24, with a volume of 65451 shares changing hands. The stock had previously closed at $53.25.

SPDR S&P Insurance ETF Trading Down 0.0 %

The stock’s 50-day moving average is $50.64 and its 200-day moving average is $49.73. The stock has a market cap of $745.36 million, a price-to-earnings ratio of 15.18 and a beta of 0.58.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

Several hedge funds have recently modified their holdings of KIE. Jmac Enterprises LLC increased its stake in SPDR S&P Insurance ETF by 8.6% during the 4th quarter. Jmac Enterprises LLC now owns 95,140 shares of the exchange traded fund’s stock worth $4,302,000 after buying an additional 7,554 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of SPDR S&P Insurance ETF in the fourth quarter worth about $204,000. Brevan Howard Capital Management LP purchased a new position in SPDR S&P Insurance ETF in the fourth quarter valued at about $2,680,000. Gladstone Institutional Advisory LLC grew its stake in SPDR S&P Insurance ETF by 165.8% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 61,942 shares of the exchange traded fund’s stock valued at $2,801,000 after purchasing an additional 38,636 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in SPDR S&P Insurance ETF during the 4th quarter worth approximately $913,000.

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.