SPDR S&P Insurance ETF (NYSEARCA:KIE) Sees Unusually-High Trading Volume

SPDR S&P Insurance ETF (NYSEARCA:KIE) shares saw strong trading volume on Tuesday . 592,885 shares changed hands during trading, a decline of 33% from the previous session’s volume of 889,195 shares.The stock last traded at $49.64 and had previously closed at $49.88.

SPDR S&P Insurance ETF Trading Down 0.5 %

The stock has a fifty day simple moving average of $50.26 and a two-hundred day simple moving average of $48.98. The company has a market cap of $696.64 million, a PE ratio of 15.18 and a beta of 0.58.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

Several institutional investors have recently modified their holdings of KIE. Advisors Preferred LLC purchased a new stake in shares of SPDR S&P Insurance ETF during the 4th quarter worth approximately $44,000. National Bank of Canada FI acquired a new position in shares of SPDR S&P Insurance ETF during the 4th quarter worth approximately $70,000. Manchester Capital Management LLC raised its position in shares of SPDR S&P Insurance ETF by 10.0% during the 1st quarter. Manchester Capital Management LLC now owns 3,300 shares of the exchange traded fund’s stock worth $172,000 after purchasing an additional 300 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of SPDR S&P Insurance ETF during the 4th quarter worth approximately $176,000. Finally, Private Portfolio Partners LLC acquired a new position in shares of SPDR S&P Insurance ETF during the 4th quarter worth approximately $200,000.

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.