Royal Bank of Canada Sells 33,731 Shares of SPDR S&P Insurance ETF $KIE

Royal Bank of Canada lessened its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 45.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 39,809 shares of the exchange traded fund’s stock after selling 33,731 shares during the quarter. Royal Bank of Canada’s holdings in SPDR S&P Insurance ETF were worth $2,190,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of SPDR S&P Insurance ETF by 705.9% during the fourth quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 360 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of SPDR S&P Insurance ETF by 75.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 788 shares of the exchange traded fund’s stock worth $47,000 after buying an additional 340 shares during the last quarter. Allworth Financial LP grew its position in shares of SPDR S&P Insurance ETF by 1,728.1% in the 4th quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 985 shares during the last quarter. CWM LLC grew its position in shares of SPDR S&P Insurance ETF by 1,162.8% in the 4th quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 1,000 shares during the last quarter. Finally, AlphaCore Capital LLC raised its stake in shares of SPDR S&P Insurance ETF by 103.6% during the 4th quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock worth $92,000 after acquiring an additional 781 shares in the last quarter.

SPDR S&P Insurance ETF Stock Down 1.6%

NYSEARCA:KIE opened at $63.22 on Tuesday. SPDR S&P Insurance ETF has a 52 week low of $53.44 and a 52 week high of $66.53. The firm has a 50 day moving average of $62.40 and a 200 day moving average of $58.77. The stock has a market capitalization of $625.88 million, a price-to-earnings ratio of 14.40 and a beta of 0.60.

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. 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.