Comerica Bank raised its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE – Free Report) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,653 shares of the exchange traded fund’s stock after buying an additional 432 shares during the period. Comerica Bank’s holdings in SPDR S&P Insurance ETF were worth $263,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Briaud Financial Planning Inc purchased a new stake in SPDR S&P Insurance ETF during the 4th quarter valued at $27,000. GoalVest Advisory LLC purchased a new stake in SPDR S&P Insurance ETF during the 4th quarter valued at $30,000. Activest Wealth Management purchased a new stake in SPDR S&P Insurance ETF during the 4th quarter valued at $46,000. National Bank of Canada FI raised its stake in 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 last quarter. Finally, MGB Wealth Management LLC purchased a new stake in SPDR S&P Insurance ETF during the 4th quarter valued at $70,000.
SPDR S&P Insurance ETF Trading Up 1.2%
Shares of KIE opened at $59.72 on Friday. The firm has a market cap of $919.69 million, a PE ratio of 12.16 and a beta of 0.77. The firm has a fifty day simple moving average of $58.04 and a two-hundred day simple moving average of $58.09. SPDR S&P Insurance ETF has a 1-year low of $48.82 and a 1-year high of $62.47.
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.
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