SPDR S&P Insurance ETF $KIE Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 39.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,960 shares of the exchange traded fund’s stock after selling 20,199 shares during the quarter. Janney Montgomery Scott LLC owned 0.22% of SPDR S&P Insurance ETF worth $1,850,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in SPDR S&P Insurance ETF by 10.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,323,544 shares of the exchange traded fund’s stock worth $201,175,000 after purchasing an additional 310,982 shares during the period. Citigroup Inc. lifted its holdings in shares of SPDR S&P Insurance ETF by 72.2% in the 1st quarter. Citigroup Inc. now owns 269,405 shares of the exchange traded fund’s stock valued at $16,307,000 after buying an additional 112,985 shares during the period. DRW Securities LLC acquired a new stake in shares of SPDR S&P Insurance ETF in the 1st quarter valued at approximately $5,811,000. Raymond James Financial Inc. boosted its stake in shares of SPDR S&P Insurance ETF by 20.8% in the first quarter. Raymond James Financial Inc. now owns 388,367 shares of the exchange traded fund’s stock valued at $23,508,000 after buying an additional 66,746 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in SPDR S&P Insurance ETF during the first quarter worth $3,726,000.

SPDR S&P Insurance ETF Stock Performance

NYSEARCA:KIE opened at $58.39 on Friday. SPDR S&P Insurance ETF has a 1 year low of $52.37 and a 1 year high of $62.47. The stock has a fifty day moving average price of $58.63 and a two-hundred day moving average price of $58.20. The stock has a market capitalization of $694.84 million, a price-to-earnings 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.