SPDR S&P Insurance ETF (NYSEARCA:KIE) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $56.32 and traded as high as $57.88. SPDR S&P Insurance ETF shares last traded at $57.88, with a volume of 1,155,400 shares traded.

SPDR S&P Insurance ETF Trading Up 0.2%

The stock has a market capitalization of $457.25 million, a P/E ratio of 14.40 and a beta of 0.64. The business has a 50-day moving average price of $56.32 and a 200 day moving average price of $57.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KIE. Marshall Wace LLP boosted its position in shares of SPDR S&P Insurance ETF by 57.5% during the 2nd quarter. Marshall Wace LLP now owns 8,697 shares of the exchange traded fund’s stock valued at $520,000 after acquiring an additional 3,175 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of SPDR S&P Insurance ETF by 173,743.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 259,027 shares of the exchange traded fund’s stock valued at $15,474,000 after acquiring an additional 258,878 shares during the last quarter. Jane Street Group LLC bought a new position in shares of SPDR S&P Insurance ETF during the 2nd quarter valued at approximately $281,000. MGB Wealth Management LLC boosted 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 valued at $163,000 after acquiring an additional 1,452 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in shares of SPDR S&P Insurance ETF during the 2nd quarter valued at approximately $1,696,000.

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. 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.