SPDR S&P Insurance ETF $KIE Holdings Increased by Cumberland Advisors Inc.

Cumberland Advisors Inc. increased its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 89.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,690 shares of the exchange traded fund’s stock after acquiring an additional 58,360 shares during the quarter. SPDR S&P Insurance ETF comprises about 2.8% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 10th biggest holding. Cumberland Advisors Inc. owned about 1.13% of SPDR S&P Insurance ETF worth $7,337,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. US Bancorp DE increased its stake in shares of SPDR S&P Insurance ETF by 26.3% during the third quarter. US Bancorp DE now owns 2,153 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 449 shares in the last quarter. MGB Wealth Management LLC grew its stake in shares of SPDR S&P Insurance ETF by 113.8% in the 2nd quarter. MGB Wealth Management LLC now owns 2,728 shares of the exchange traded fund’s stock worth $163,000 after buying an additional 1,452 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of SPDR S&P Insurance ETF in the 2nd quarter worth approximately $214,000. IFG Advisory LLC bought a new position in SPDR S&P Insurance ETF during the 2nd quarter valued at approximately $244,000. Finally, Jane Street Group LLC purchased a new position in SPDR S&P Insurance ETF during the second quarter valued at $281,000.

SPDR S&P Insurance ETF Trading Up 0.5%

SPDR S&P Insurance ETF stock opened at $57.20 on Thursday. SPDR S&P Insurance ETF has a 12 month low of $52.37 and a 12 month high of $61.27. The company has a market capitalization of $480.48 million, a price-to-earnings ratio of 14.40 and a beta of 0.74. The business’s fifty day simple moving average is $58.96 and its two-hundred day simple moving average is $58.74.

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. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.