Merit Financial Group LLC Sells 4,886 Shares of SPDR S&P Insurance ETF (NYSEARCA:KIE)

Merit Financial Group LLC decreased its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 48.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,181 shares of the exchange traded fund’s stock after selling 4,886 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P Insurance ETF were worth $234,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. raised its holdings in shares of SPDR S&P Insurance ETF by 247.3% in the third quarter. Concourse Financial Group Securities Inc. now owns 698 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 497 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of SPDR S&P Insurance ETF in the 4th quarter worth approximately $44,000. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Insurance ETF in the fourth quarter valued at approximately $176,000. PFG Investments LLC purchased a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter valued at approximately $216,000. Finally, Kestra Advisory Services LLC lifted its holdings in SPDR S&P Insurance ETF by 14.4% during the third quarter. Kestra Advisory Services LLC now owns 6,384 shares of the exchange traded fund’s stock worth $272,000 after acquiring an additional 806 shares during the period.

SPDR S&P Insurance ETF Price Performance

Shares of NYSEARCA:KIE opened at $51.16 on Friday. SPDR S&P Insurance ETF has a 1 year low of $38.04 and a 1 year high of $52.26. The company has a market capitalization of $716.24 million, a PE ratio of 15.18 and a beta of 0.58. The business has a fifty day moving average price of $50.06 and a two-hundred day moving average price of $47.23.

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.