SPDR S&P Insurance ETF (NYSEARCA:KIE) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 22.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 484,603 shares of the exchange traded fund’s stock after selling 139,712 shares during the quarter. LPL Financial LLC owned about 3.10% of SPDR S&P Insurance ETF worth $29,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. J.Safra Asset Management Corp boosted its holdings in SPDR S&P Insurance ETF by 2.0% in the first quarter. J.Safra Asset Management Corp now owns 660,045 shares of the exchange traded fund’s stock valued at $39,953,000 after purchasing an additional 13,192 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of SPDR S&P Insurance ETF by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 454,331 shares of the exchange traded fund’s stock valued at $25,667,000 after acquiring an additional 3,245 shares during the period. Bank of America Corp DE boosted its holdings in shares of SPDR S&P Insurance ETF by 3.6% in the fourth quarter. Bank of America Corp DE now owns 453,621 shares of the exchange traded fund’s stock valued at $25,639,000 after acquiring an additional 15,922 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Insurance ETF in the fourth quarter valued at approximately $18,178,000. Finally, Millennium Management LLC boosted its holdings in shares of SPDR S&P Insurance ETF by 42.9% in 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 during the period.

SPDR S&P Insurance ETF Trading Down 1.6%

KIE stock opened at $55.71 on Friday. The business has a 50 day simple moving average of $58.14 and a 200-day simple moving average of $58.11. SPDR S&P Insurance ETF has a twelve month low of $50.98 and a twelve month high of $62.47. The company has a market capitalization of $830.08 million, a P/E ratio of 14.40 and a beta of 0.86.

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.