Lido Advisors LLC Reduces Stock Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Lido Advisors LLC lessened its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 9.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,317 shares of the exchange traded fund’s stock after selling 8,007 shares during the quarter. Lido Advisors LLC’s holdings in SPDR S&P Insurance ETF were worth $4,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kestra Private Wealth Services LLC purchased a new position in SPDR S&P Insurance ETF in the 4th quarter worth about $580,000. JPMorgan Chase & Co. grew its stake in SPDR S&P Insurance ETF by 9.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,985,840 shares of the exchange traded fund’s stock worth $169,446,000 after acquiring an additional 248,015 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in SPDR S&P Insurance ETF in the 4th quarter worth about $215,000. Raymond James Financial Inc. bought a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter valued at approximately $18,178,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Insurance ETF by 27.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 186,508 shares of the exchange traded fund’s stock valued at $10,541,000 after purchasing an additional 40,335 shares during the period.

SPDR S&P Insurance ETF Stock Up 0.6 %

Shares of NYSEARCA:KIE opened at $57.30 on Wednesday. The business’s 50 day moving average is $58.15 and its 200 day moving average is $58.02. The stock has a market cap of $896.75 million, a P/E ratio of 12.21 and a beta of 0.72. SPDR S&P Insurance ETF has a 52-week low of $48.47 and a 52-week high of $62.47.

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.