AdvisorNet Financial Inc grew its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE – Free Report) by 964.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,703 shares of the exchange traded fund’s stock after buying an additional 1,543 shares during the period. AdvisorNet Financial Inc’s holdings in SPDR S&P Insurance ETF were worth $102,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in KIE. Golden State Wealth Management LLC bought a new stake in shares of SPDR S&P Insurance ETF during the 1st quarter worth $27,000. AlphaCore Capital LLC purchased a new stake in SPDR S&P Insurance ETF during the first quarter valued at about $46,000. Provident Wealth Management LLC bought a new stake in SPDR S&P Insurance ETF during the first quarter worth about $48,000. WPG Advisers LLC bought a new stake in SPDR S&P Insurance ETF during the first quarter worth about $54,000. Finally, Brooklyn Investment Group purchased a new position in shares of SPDR S&P Insurance ETF in the 1st quarter worth about $73,000.
SPDR S&P Insurance ETF Trading Up 1.2%
Shares of SPDR S&P Insurance ETF stock opened at $59.17 on Friday. The firm has a market capitalization of $884.59 million, a PE ratio of 14.40 and a beta of 0.86. SPDR S&P Insurance ETF has a 12 month low of $52.37 and a 12 month high of $62.47. The business’s 50-day moving average price is $58.14 and its 200-day moving average price is $58.20.
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.
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