Envestnet Asset Management Inc. Buys 5,346 Shares of SPDR S&P Insurance ETF (NYSEARCA:KIE)

Envestnet Asset Management Inc. increased its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,854 shares of the exchange traded fund’s stock after purchasing an additional 5,346 shares during the period. Envestnet Asset Management Inc. owned approximately 1.23% of SPDR S&P Insurance ETF worth $11,613,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KIE. Raymond James Financial Inc. bought a new stake in SPDR S&P Insurance ETF in the fourth quarter worth approximately $18,178,000. Investment Management Corp VA ADV bought a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter valued at approximately $9,105,000. LPL Financial LLC increased its holdings in shares of SPDR S&P Insurance ETF by 14.6% during the fourth quarter. LPL Financial LLC now owns 624,315 shares of the exchange traded fund’s stock valued at $35,286,000 after acquiring an additional 79,755 shares in the last quarter. Millennium Management LLC increased its holdings in shares of SPDR S&P Insurance ETF by 42.9% during the fourth quarter. Millennium Management LLC now owns 211,850 shares of the exchange traded fund’s stock valued at $11,974,000 after acquiring an additional 63,645 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter valued at approximately $3,543,000.

SPDR S&P Insurance ETF Stock Down 0.1%

Shares of NYSEARCA:KIE opened at $57.60 on Friday. The stock has a market cap of $858.24 million, a price-to-earnings ratio of 14.40 and a beta of 0.86. SPDR S&P Insurance ETF has a 12-month low of $50.98 and a 12-month high of $62.47. The business’s 50 day moving average is $58.50 and its 200 day moving average is $58.03.

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.