SPDR S&P Insurance ETF (NYSEARCA:KIE) Hits New 1-Year High – Should You Buy?

SPDR S&P Insurance ETF (NYSEARCA:KIE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $66.01 and last traded at $65.88, with a volume of 146235 shares traded. The stock had previously closed at $64.74.

SPDR S&P Insurance ETF Stock Performance

The firm has a market cap of $660.59 million, a PE ratio of 14.40 and a beta of 0.60. The firm has a fifty day simple moving average of $60.31 and a two-hundred day simple moving average of $58.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its position in SPDR S&P Insurance ETF by 705.9% in the fourth quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 360 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in SPDR S&P Insurance ETF by 75.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 788 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 340 shares during the last quarter. Allworth Financial LP increased its holdings in shares of SPDR S&P Insurance ETF by 1,728.1% in the 4th quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 985 shares during the last quarter. CWM LLC increased its holdings in shares of SPDR S&P Insurance ETF by 1,162.8% in the 4th quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 1,000 shares during the last quarter. Finally, AlphaCore Capital LLC raised its position in shares of SPDR S&P Insurance ETF by 103.6% during the 4th quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock valued at $92,000 after buying an additional 781 shares in the last quarter.

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. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.