SPDR S&P Insurance ETF $KIE Stock: Factory Mutual Insurance Co. Trims Holdings

Factory Mutual Insurance Co. cut its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 15.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 264,300 shares of the exchange traded fund’s stock after selling 47,550 shares during the period. Factory Mutual Insurance Co.’s holdings in SPDR S&P Insurance ETF were worth $15,462,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in SPDR S&P Insurance ETF in the third quarter valued at approximately $30,000. Provident Wealth Management LLC bought a new position in shares of SPDR S&P Insurance ETF in the 3rd quarter valued at $47,000. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR S&P Insurance ETF during the 2nd quarter valued at $86,000. IFP Advisors Inc boosted its holdings in shares of SPDR S&P Insurance ETF by 185.2% during the 3rd quarter. IFP Advisors Inc now owns 1,617 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of SPDR S&P Insurance ETF during the 3rd quarter valued at $121,000.

SPDR S&P Insurance ETF Stock Down 0.8%

Shares of KIE opened at $64.37 on Wednesday. SPDR S&P Insurance ETF has a 12-month low of $53.44 and a 12-month high of $66.53. The business has a 50-day simple moving average of $62.01 and a two-hundred day simple moving average of $59.69. The stock has a market cap of $524.62 million, a PE ratio of 14.40 and a beta of 0.57.

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.