Headlands Technologies LLC Has $132,000 Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Headlands Technologies LLC increased its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 3,187.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,334 shares of the exchange traded fund’s stock after purchasing an additional 2,263 shares during the quarter. Headlands Technologies LLC’s holdings in SPDR S&P Insurance ETF were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. J.Safra Asset Management Corp acquired a new stake in SPDR S&P Insurance ETF in the fourth quarter valued at approximately $36,450,000. Raymond James Financial Inc. bought a new position in shares of SPDR S&P Insurance ETF in the 4th quarter valued at $18,178,000. JPMorgan Chase & Co. boosted its holdings in shares of SPDR S&P Insurance ETF by 9.1% during the 3rd 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 in the last quarter. Two Sigma Advisers LP bought a new stake in SPDR S&P Insurance ETF during the 3rd quarter worth $12,990,000. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new position in SPDR S&P Insurance ETF in the 4th quarter worth about $11,609,000.

SPDR S&P Insurance ETF Trading Down 7.5 %

SPDR S&P Insurance ETF stock opened at $55.38 on Friday. The stock has a 50-day moving average price of $58.78 and a two-hundred day moving average price of $58.07. SPDR S&P Insurance ETF has a 12 month low of $47.65 and a 12 month high of $62.47. The company has a market capitalization of $880.54 million, a PE ratio of 12.76 and a beta of 0.72.

SPDR S&P Insurance ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.296 per share. The ex-dividend date was Monday, March 24th. This is an increase from SPDR S&P Insurance ETF’s previous dividend of $0.18.

About SPDR S&P Insurance ETF

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.