SPDR S&P Insurance ETF (NYSEARCA:KIE) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its position in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 27.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,753 shares of the exchange traded fund’s stock after acquiring an additional 8,766 shares during the quarter. Raymond James & Associates owned 0.34% of SPDR S&P Insurance ETF worth $1,843,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in SPDR S&P Insurance ETF by 29.4% during the second quarter. Goldman Sachs Group Inc. now owns 2,708,431 shares of the exchange traded fund’s stock worth $102,514,000 after purchasing an additional 614,749 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in SPDR S&P Insurance ETF by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 2,401,988 shares of the exchange traded fund’s stock worth $102,181,000 after purchasing an additional 37,790 shares in the last quarter. Bank of America Corp DE raised its holdings in SPDR S&P Insurance ETF by 23.8% during the first quarter. Bank of America Corp DE now owns 526,940 shares of the exchange traded fund’s stock worth $20,740,000 after purchasing an additional 101,160 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of SPDR S&P Insurance ETF by 143.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 418,258 shares of the exchange traded fund’s stock valued at $17,631,000 after acquiring an additional 246,750 shares during the period. Finally, Janney Capital Management LLC acquired a new position in shares of SPDR S&P Insurance ETF in the 3rd quarter valued at $17,227,000.

SPDR S&P Insurance ETF Price Performance

Shares of SPDR S&P Insurance ETF stock opened at $47.72 on Thursday. The firm’s fifty day simple moving average is $49.82 and its 200-day simple moving average is $46.51. The stock has a market capitalization of $701.48 million, a price-to-earnings ratio of 15.10 and a beta of 0.58. SPDR S&P Insurance ETF has a 12 month low of $38.04 and a 12 month high of $52.26.

SPDR S&P Insurance ETF 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.