Trexquant Investment LP Reduces Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Trexquant Investment LP decreased its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 31.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,727 shares of the exchange traded fund’s stock after selling 2,126 shares during the period. Trexquant Investment LP’s holdings in SPDR S&P Insurance ETF were worth $267,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KIE. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SPDR S&P Insurance ETF by 16.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,626 shares of the exchange traded fund’s stock valued at $92,000 after purchasing an additional 226 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of SPDR S&P Insurance ETF by 33.1% during the 4th quarter. National Bank of Canada FI now owns 1,167 shares of the exchange traded fund’s stock valued at $66,000 after buying an additional 290 shares during the period. Janney Capital Management LLC boosted its stake in shares of SPDR S&P Insurance ETF by 6.6% in the 4th quarter. Janney Capital Management LLC now owns 5,171 shares of the exchange traded fund’s stock worth $292,000 after buying an additional 318 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of SPDR S&P Insurance ETF in the fourth quarter worth $27,000. Finally, GoalVest Advisory LLC purchased a new stake in SPDR S&P Insurance ETF during the fourth quarter valued at $30,000.

SPDR S&P Insurance ETF Stock Performance

Shares of NYSEARCA:KIE opened at $56.43 on Monday. The stock’s 50-day simple moving average is $58.43 and its two-hundred day simple moving average is $58.01. The stock has a market capitalization of $897.24 million, a price-to-earnings ratio of 12.76 and a beta of 0.72. SPDR S&P Insurance ETF has a 52-week low of $47.65 and a 52-week 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.