SPDR S&P Insurance ETF $KIE Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,413 shares of the exchange traded fund’s stock after selling 347 shares during the quarter. HB Wealth Management LLC’s holdings in SPDR S&P Insurance ETF were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fifth Third Securities Inc. raised its stake in shares of SPDR S&P Insurance ETF by 6.9% during the second quarter. Fifth Third Securities Inc. now owns 9,442 shares of the exchange traded fund’s stock valued at $564,000 after purchasing an additional 608 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of SPDR S&P Insurance ETF by 964.4% during the second quarter. AdvisorNet Financial Inc now owns 1,703 shares of the exchange traded fund’s stock valued at $102,000 after purchasing an additional 1,543 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of SPDR S&P Insurance ETF by 51.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,630 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 3,286 shares in the last quarter. Nova Wealth Management Inc. raised its stake in shares of SPDR S&P Insurance ETF by 80.5% during the second quarter. Nova Wealth Management Inc. now owns 2,986 shares of the exchange traded fund’s stock valued at $178,000 after purchasing an additional 1,332 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SPDR S&P Insurance ETF by 46.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,383 shares of the exchange traded fund’s stock valued at $142,000 after purchasing an additional 756 shares in the last quarter.

SPDR S&P Insurance ETF Stock Down 0.3%

Shares of NYSEARCA KIE opened at $59.91 on Tuesday. SPDR S&P Insurance ETF has a fifty-two week low of $52.37 and a fifty-two week high of $62.47. The firm’s 50-day simple moving average is $58.38 and its 200 day simple moving average is $58.20. The stock has a market cap of $733.90 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.