Hollencrest Capital Management Increases Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Hollencrest Capital Management lifted its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 35,475.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,285 shares of the exchange traded fund’s stock after buying an additional 109,975 shares during the period. Hollencrest Capital Management’s holdings in SPDR S&P Insurance ETF were worth $6,231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. grew 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 valued at $92,000 after purchasing an additional 226 shares in the last quarter. Janney Capital Management LLC grew its position in SPDR S&P Insurance ETF by 6.6% in the fourth quarter. Janney Capital Management LLC now owns 5,171 shares of the exchange traded fund’s stock worth $292,000 after acquiring an additional 318 shares in the last quarter. EP Wealth Advisors LLC boosted its position in SPDR S&P Insurance ETF by 6.5% during the third quarter. EP Wealth Advisors LLC now owns 7,378 shares of the exchange traded fund’s stock valued at $419,000 after buying an additional 449 shares during the period. Briaud Financial Planning Inc purchased a new stake in SPDR S&P Insurance ETF during the fourth quarter valued at about $27,000. Finally, GoalVest Advisory LLC bought a new position in shares of SPDR S&P Insurance ETF during the fourth quarter valued at about $30,000.

SPDR S&P Insurance ETF Trading Up 0.2 %

Shares of NYSEARCA:KIE opened at $58.38 on Wednesday. SPDR S&P Insurance ETF has a 12 month low of $47.65 and a 12 month high of $62.47. The company has a 50-day moving average price of $57.60 and a 200-day moving average price of $57.61. The company has a market cap of $934.08 million, a price-to-earnings ratio of 12.89 and a beta of 0.88.

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.