SPDR S&P Insurance ETF (NYSEARCA:KIE) Sets New 12-Month High – What’s Next?

SPDR S&P Insurance ETF (NYSEARCA:KIE) hit a new 52-week high during trading on Wednesday . The company traded as high as $62.35 and last traded at $62.30, with a volume of 79500 shares trading hands. The stock had previously closed at $61.86.

SPDR S&P Insurance ETF Stock Up 0.6 %

The stock has a market capitalization of $871.64 million, a P/E ratio of 15.18 and a beta of 0.58. The firm has a 50-day moving average of $57.72 and a 200 day moving average of $54.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Trust Asset Management LLC bought a new stake in SPDR S&P Insurance ETF during the second quarter worth about $25,000. Silicon Valley Capital Partners bought a new stake in shares of SPDR S&P Insurance ETF in the 3rd quarter valued at $34,000. FSA Wealth Management LLC bought a new stake in SPDR S&P Insurance ETF in the third quarter valued at $40,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P Insurance ETF in the 2nd quarter valued at about $38,000. Finally, NBC Securities Inc. raised its stake in SPDR S&P Insurance ETF by 306.0% during the 3rd quarter. NBC Securities Inc. now owns 812 shares of the exchange traded fund’s stock worth $46,000 after buying an additional 612 shares during the period.

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.