Fischer Investment Strategies LLC Acquires Shares of 4,207 SPDR S&P Insurance ETF $KIE

Fischer Investment Strategies LLC acquired a new stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,207 shares of the exchange traded fund’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of SPDR S&P Insurance ETF during the 1st quarter valued at about $27,000. AlphaCore Capital LLC bought a new position in shares of SPDR S&P Insurance ETF during the 1st quarter valued at about $46,000. Provident Wealth Management LLC bought a new position in shares of SPDR S&P Insurance ETF during the 1st quarter valued at about $48,000. WPG Advisers LLC bought a new position in shares of SPDR S&P Insurance ETF during the 1st quarter valued at about $54,000. Finally, Brooklyn Investment Group bought a new position in shares of SPDR S&P Insurance ETF during the 1st quarter valued at about $73,000.

SPDR S&P Insurance ETF Stock Down 1.4%

KIE opened at $58.39 on Friday. SPDR S&P Insurance ETF has a 52 week low of $52.37 and a 52 week high of $62.47. The firm has a 50-day simple moving average of $58.63 and a two-hundred day simple moving average of $58.20. The company has a market capitalization of $694.84 million, a PE ratio of 14.40 and a beta of 0.86.

About SPDR S&P Insurance ETF

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.