PNC Financial Services Group Inc. Has $235,000 Stock Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

PNC Financial Services Group Inc. increased its position in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 58.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,153 shares of the exchange traded fund’s stock after purchasing an additional 1,530 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Insurance ETF were worth $235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KIE. JPMorgan Chase & Co. boosted its holdings in SPDR S&P Insurance ETF by 9.1% during the third quarter. JPMorgan Chase & Co. now owns 2,985,840 shares of the exchange traded fund’s stock worth $169,446,000 after buying an additional 248,015 shares during the last quarter. J.Safra Asset Management Corp bought a new position in SPDR S&P Insurance ETF during the fourth quarter worth about $36,450,000. Raymond James Financial Inc. bought a new position in SPDR S&P Insurance ETF during the fourth quarter worth about $18,178,000. Two Sigma Advisers LP bought a new position in SPDR S&P Insurance ETF during the third quarter worth about $12,990,000. Finally, Beacon Harbor Wealth Advisors Inc. bought a new position in SPDR S&P Insurance ETF during the fourth quarter worth about $11,609,000.

SPDR S&P Insurance ETF Price Performance

NYSEARCA:KIE opened at $59.33 on Friday. SPDR S&P Insurance ETF has a fifty-two week low of $47.65 and a fifty-two week high of $62.47. The stock has a market capitalization of $919.62 million, a PE ratio of 12.26 and a beta of 0.86. The business’s 50-day simple moving average is $58.13 and its 200-day simple moving average is $57.77.

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.