Spire Wealth Management Sells 3,656 Shares of SPDR S&P Insurance ETF (NYSEARCA:KIE)

Spire Wealth Management cut its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 15.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,794 shares of the exchange traded fund’s stock after selling 3,656 shares during the quarter. Spire Wealth Management’s holdings in SPDR S&P Insurance ETF were worth $929,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIE. Brookstone Capital Management boosted its holdings in SPDR S&P Insurance ETF by 329.2% in the 4th quarter. Brookstone Capital Management now owns 70,121 shares of the exchange traded fund’s stock valued at $3,171,000 after purchasing an additional 53,785 shares during the period. Envestnet Asset Management Inc. grew its position in SPDR S&P Insurance ETF by 205.1% during the third quarter. Envestnet Asset Management Inc. now owns 245,144 shares of the exchange traded fund’s stock worth $10,428,000 after buying an additional 164,793 shares in the last quarter. Jmac Enterprises LLC increased its stake in SPDR S&P Insurance ETF by 8.6% in the 4th quarter. Jmac Enterprises LLC now owns 95,140 shares of the exchange traded fund’s stock worth $4,302,000 after acquiring an additional 7,554 shares during the last quarter. Triangle Securities Wealth Management increased its stake in SPDR S&P Insurance ETF by 0.3% in the 4th quarter. Triangle Securities Wealth Management now owns 85,829 shares of the exchange traded fund’s stock worth $3,881,000 after acquiring an additional 255 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of SPDR S&P Insurance ETF in the 3rd quarter valued at about $1,206,000.

SPDR S&P Insurance ETF Trading Up 0.2 %

Shares of NYSEARCA KIE opened at $50.79 on Thursday. The business has a 50-day moving average of $50.04 and a 200-day moving average of $47.20. The firm has a market capitalization of $711.06 million, a price-to-earnings ratio of 15.18 and a beta of 0.58. SPDR S&P Insurance ETF has a 12 month low of $38.04 and a 12 month high of $52.26.

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.