Raymond James Financial Inc. Invests $18.18 Million in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Raymond James Financial Inc. purchased a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 321,621 shares of the exchange traded fund’s stock, valued at approximately $18,178,000. Raymond James Financial Inc. owned 2.30% of SPDR S&P Insurance ETF at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. GoalVest Advisory LLC acquired a new position in shares of SPDR S&P Insurance ETF during the 4th quarter worth approximately $30,000. FSA Wealth Management LLC acquired a new position in shares of SPDR S&P Insurance ETF during the 3rd quarter worth approximately $40,000. Activest Wealth Management acquired a new position in shares of SPDR S&P Insurance ETF during the 4th quarter worth approximately $46,000. MGB Wealth Management LLC acquired a new position in shares of SPDR S&P Insurance ETF during the 4th quarter worth approximately $70,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of SPDR S&P Insurance ETF by 16.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,626 shares of the exchange traded fund’s stock worth $92,000 after purchasing an additional 226 shares during the last quarter.

SPDR S&P Insurance ETF Trading Up 1.5 %

Shares of NYSEARCA KIE opened at $60.04 on Tuesday. SPDR S&P Insurance ETF has a 12 month low of $47.65 and a 12 month high of $62.47. The stock has a 50 day moving average of $57.80 and a 200-day moving average of $57.70. The company has a market capitalization of $930.62 million, a P/E ratio of 12.26 and a beta of 0.86.

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.