Citigroup Inc. Buys 860,043 Shares of SPDR S&P Insurance ETF $KIE

Citigroup Inc. increased its position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 267.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,182,119 shares of the exchange traded fund’s stock after purchasing an additional 860,043 shares during the period. Citigroup Inc. owned about 10.85% of SPDR S&P Insurance ETF worth $70,123,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. MGB Wealth Management LLC lifted its position in shares of SPDR S&P Insurance ETF by 113.8% during 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 period. Captrust Financial Advisors acquired a new position in SPDR S&P Insurance ETF during the second quarter worth $214,000. IFG Advisory LLC bought a new position in shares of SPDR S&P Insurance ETF during the second quarter valued at $244,000. Jane Street Group LLC bought a new position in shares of SPDR S&P Insurance ETF during the second quarter valued at $281,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of SPDR S&P Insurance ETF by 158.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,182 shares of the exchange traded fund’s stock valued at $310,000 after purchasing an additional 3,179 shares in the last quarter.

SPDR S&P Insurance ETF Stock Performance

KIE opened at $57.69 on Monday. The firm has a market cap of $484.60 million, a price-to-earnings ratio of 14.40 and a beta of 0.74. The firm’s 50-day simple moving average is $59.19 and its 200-day simple moving average is $58.75. SPDR S&P Insurance ETF has a twelve month low of $52.37 and a twelve month high of $61.27.

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.