SPDR S&P Insurance ETF (NYSEARCA:KIE) Hits New 12-Month High at $55.95

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $55.95 and last traded at $55.94, with a volume of 191326 shares changing hands. The stock had previously closed at $55.69.

SPDR S&P Insurance ETF Price Performance

The business has a 50-day moving average of $52.38 and a 200-day moving average of $50.87. The firm has a market cap of $790.72 million, a price-to-earnings ratio of 15.18 and a beta of 0.58.

Institutional Trading of SPDR S&P Insurance ETF

A number of hedge funds and other institutional investors have recently modified their holdings of KIE. Global Trust Asset Management LLC acquired a new position in SPDR S&P Insurance ETF during the second quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Insurance ETF during the second quarter worth approximately $38,000. Lynx Investment Advisory acquired a new position in SPDR S&P Insurance ETF during the second quarter worth approximately $49,000. Headlands Technologies LLC increased its position in SPDR S&P Insurance ETF by 598.5% during the second quarter. Headlands Technologies LLC now owns 1,355 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 1,161 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in SPDR S&P Insurance ETF during the fourth quarter worth approximately $70,000.

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.