BNP Paribas Financial Markets Decreases Stake in SPDR S&P Insurance ETF (NYSEARCA:KIE)

BNP Paribas Financial Markets lessened its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 95.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,630 shares of the exchange traded fund’s stock after selling 168,095 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of SPDR S&P Insurance ETF worth $433,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KIE. Raymond James & Associates lifted its holdings in shares of SPDR S&P Insurance ETF by 16.7% during the third quarter. Raymond James & Associates now owns 198,120 shares of the exchange traded fund’s stock worth $11,243,000 after purchasing an additional 28,392 shares during the period. Chicago Wealth Management Inc. boosted its holdings in shares of SPDR S&P Insurance ETF by 0.9% in the 2nd quarter. Chicago Wealth Management Inc. now owns 131,750 shares of the exchange traded fund’s stock valued at $6,565,000 after acquiring an additional 1,221 shares during the last quarter. Zimmermann Investment Management & Planning LLC increased its stake in shares of SPDR S&P Insurance ETF by 18.9% in the second quarter. Zimmermann Investment Management & Planning LLC now owns 95,178 shares of the exchange traded fund’s stock worth $4,743,000 after acquiring an additional 15,137 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of SPDR S&P Insurance ETF by 11.0% during the second quarter. Envestnet Asset Management Inc. now owns 90,620 shares of the exchange traded fund’s stock worth $4,516,000 after purchasing an additional 9,000 shares during the last quarter. Finally, SPC Financial Inc. acquired a new position in SPDR S&P Insurance ETF during the third quarter valued at $4,747,000.

SPDR S&P Insurance ETF Stock Performance

Shares of KIE opened at $58.40 on Friday. The business’s 50-day moving average is $58.65 and its two-hundred day moving average is $54.97. The company has a market capitalization of $817.60 million, a P/E ratio of 15.18 and a beta of 0.58. SPDR S&P Insurance ETF has a fifty-two week low of $44.24 and a fifty-two week high of $62.47.

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.