Janney Montgomery Scott LLC Has $2.28 Million Stake in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Janney Montgomery Scott LLC increased its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 40.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,182 shares of the exchange traded fund’s stock after buying an additional 11,574 shares during the period. Janney Montgomery Scott LLC owned 0.29% of SPDR S&P Insurance ETF worth $2,280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fischer Investment Strategies LLC grew its stake in SPDR S&P Insurance ETF by 119.6% during the second quarter. Fischer Investment Strategies LLC now owns 70,638 shares of the exchange traded fund’s stock worth $3,520,000 after buying an additional 38,476 shares in the last quarter. Raymond James & Associates raised its holdings in shares of SPDR S&P Insurance ETF by 261.0% during the 2nd quarter. Raymond James & Associates now owns 169,728 shares of the exchange traded fund’s stock worth $8,458,000 after buying an additional 122,709 shares in the last quarter. Capital CS Group LLC bought a new stake in shares of SPDR S&P Insurance ETF during the 2nd quarter worth $215,000. Envestnet Asset Management Inc. boosted its stake in SPDR S&P Insurance ETF by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 90,620 shares of the exchange traded fund’s stock valued at $4,516,000 after buying an additional 9,000 shares in the last quarter. Finally, Global Trust Asset Management LLC boosted its position in SPDR S&P Insurance ETF by 258.0% in the third quarter. Global Trust Asset Management LLC now owns 1,790 shares of the exchange traded fund’s stock valued at $102,000 after buying an additional 1,290 shares in the last quarter.

SPDR S&P Insurance ETF Trading Up 0.1 %

Shares of KIE stock opened at $59.35 on Wednesday. The firm has a market capitalization of $830.90 million, a price-to-earnings ratio of 15.18 and a beta of 0.58. The business’s 50-day moving average price is $56.84 and its 200-day moving average price is $53.44. SPDR S&P Insurance ETF has a 12 month low of $43.45 and a 12 month high of $59.65.

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.