Baird Financial Group Inc. Takes Position in SPDR S&P Insurance ETF $KIE

Baird Financial Group Inc. purchased a new stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,052 shares of the exchange traded fund’s stock, valued at approximately $1,093,000. Baird Financial Group Inc. owned approximately 0.12% of SPDR S&P Insurance ETF at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in SPDR S&P Insurance ETF in the first quarter valued at $27,000. Wealth Enhancement Advisory Services LLC acquired a new stake in SPDR S&P Insurance ETF in the first quarter valued at $384,000. Envestnet Asset Management Inc. raised its holdings in SPDR S&P Insurance ETF by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns 191,854 shares of the exchange traded fund’s stock valued at $11,613,000 after acquiring an additional 5,346 shares in the last quarter. NBC Securities Inc. increased its stake in SPDR S&P Insurance ETF by 136,250.0% during the first quarter. NBC Securities Inc. now owns 2,727 shares of the exchange traded fund’s stock valued at $165,000 after purchasing an additional 2,725 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in SPDR S&P Insurance ETF by 5.4% during the first quarter. Blair William & Co. IL now owns 5,329 shares of the exchange traded fund’s stock valued at $323,000 after purchasing an additional 273 shares during the last quarter.

SPDR S&P Insurance ETF Price Performance

KIE stock opened at $59.05 on Tuesday. SPDR S&P Insurance ETF has a 1-year low of $52.37 and a 1-year high of $62.47. The firm has a fifty day moving average price of $57.93 and a two-hundred day moving average price of $58.22. The firm has a market cap of $882.80 million, a price-to-earnings ratio of 14.40 and a beta of 0.86.

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.