MGB Wealth Management LLC Purchases Shares of 1,230 SPDR S&P Insurance ETF (NYSEARCA:KIE)

MGB Wealth Management LLC purchased a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,230 shares of the exchange traded fund’s stock, valued at approximately $70,000.

Several other institutional investors also recently modified their holdings of KIE. JPMorgan Chase & Co. boosted its holdings in SPDR S&P Insurance ETF by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 2,985,840 shares of the exchange traded fund’s stock valued at $169,446,000 after acquiring an additional 248,015 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of SPDR S&P Insurance ETF in the 3rd quarter valued at $12,990,000. Kingsview Wealth Management LLC boosted its stake in shares of SPDR S&P Insurance ETF by 65.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 199,388 shares of the exchange traded fund’s stock valued at $11,269,000 after purchasing an additional 79,012 shares during the last quarter. Raymond James & Associates increased its position in shares of SPDR S&P Insurance ETF by 16.7% during the third quarter. Raymond James & Associates now owns 198,120 shares of the exchange traded fund’s stock worth $11,243,000 after buying an additional 28,392 shares during the period. Finally, Capital Planning Advisors LLC raised its stake in SPDR S&P Insurance ETF by 5.2% during the fourth quarter. Capital Planning Advisors LLC now owns 145,834 shares of the exchange traded fund’s stock worth $8,243,000 after buying an additional 7,178 shares during the last quarter.

SPDR S&P Insurance ETF Trading Up 1.9 %

Shares of KIE opened at $58.30 on Friday. The firm’s fifty day simple moving average is $57.21 and its two-hundred day simple moving average is $56.90. SPDR S&P Insurance ETF has a 12 month low of $47.65 and a 12 month high of $62.47. The stock has a market capitalization of $816.20 million, a P/E ratio of 15.18 and a beta of 0.58.

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.