Cookson Peirce & Co. Inc. Lowers Stock Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Cookson Peirce & Co. Inc. cut its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,060 shares of the exchange traded fund’s stock after selling 618 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in SPDR S&P Insurance ETF were worth $625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new position in SPDR S&P Insurance ETF in the 4th quarter worth $30,000. FSA Wealth Management LLC purchased a new position in shares of SPDR S&P Insurance ETF in the third quarter valued at about $40,000. Activest Wealth Management bought a new position in shares of SPDR S&P Insurance ETF in the fourth quarter worth about $46,000. MGB Wealth Management LLC purchased a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter worth about $70,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in SPDR S&P Insurance ETF by 16.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,626 shares of the exchange traded fund’s stock valued at $92,000 after purchasing an additional 226 shares during the period.

SPDR S&P Insurance ETF Trading Up 0.9 %

NYSEARCA KIE opened at $59.66 on Thursday. SPDR S&P Insurance ETF has a 12 month low of $47.65 and a 12 month high of $62.47. The stock’s 50 day moving average is $57.40 and its 200 day moving average is $57.45. The stock has a market cap of $954.56 million, a PE ratio of 12.89 and a beta of 0.88.

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.