Envestnet Asset Management Inc. Has $2.46 Million Stock Position in SPDR S&P Insurance ETF $KIE

Envestnet Asset Management Inc. lowered its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 80.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,504 shares of the exchange traded fund’s stock after selling 175,203 shares during the period. Envestnet Asset Management Inc. owned 0.37% of SPDR S&P Insurance ETF worth $2,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KIE. Csenge Advisory Group increased its holdings in SPDR S&P Insurance ETF by 0.3% during the second quarter. Csenge Advisory Group now owns 63,219 shares of the exchange traded fund’s stock worth $3,739,000 after buying an additional 187 shares during the last quarter. Kaizen Financial Strategies grew its position in shares of SPDR S&P Insurance ETF by 2.3% in the 2nd quarter. Kaizen Financial Strategies now owns 8,388 shares of the exchange traded fund’s stock valued at $501,000 after acquiring an additional 188 shares during the period. Fifth Third Securities Inc. increased its stake in shares of SPDR S&P Insurance ETF by 3.5% during the 3rd quarter. Fifth Third Securities Inc. now owns 9,776 shares of the exchange traded fund’s stock worth $580,000 after purchasing an additional 334 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of SPDR S&P Insurance ETF by 6.4% during the 3rd quarter. HB Wealth Management LLC now owns 5,760 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 347 shares during the last quarter. Finally, Triangle Securities Wealth Management raised its holdings in shares of SPDR S&P Insurance ETF by 0.5% in the 3rd quarter. Triangle Securities Wealth Management now owns 78,257 shares of the exchange traded fund’s stock valued at $4,642,000 after purchasing an additional 369 shares during the period.

SPDR S&P Insurance ETF Stock Performance

Shares of NYSEARCA:KIE opened at $58.04 on Friday. SPDR S&P Insurance ETF has a 52-week low of $52.37 and a 52-week high of $61.27. The company has a market capitalization of $487.54 million, a P/E ratio of 14.40 and a beta of 0.74. The company has a 50-day simple moving average of $58.90 and a 200 day simple moving average of $58.73.

About SPDR S&P Insurance ETF

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.