Kingsview Wealth Management LLC Lowers Position in SPDR S&P Insurance ETF $KIE

Kingsview Wealth Management LLC cut its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 259,489 shares of the exchange traded fund’s stock after selling 17,687 shares during the period. Kingsview Wealth Management LLC owned 3.09% of SPDR S&P Insurance ETF worth $15,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KIE. Citigroup Inc. increased its stake in shares of SPDR S&P Insurance ETF by 267.0% during the third quarter. Citigroup Inc. now owns 1,182,119 shares of the exchange traded fund’s stock valued at $70,123,000 after purchasing an additional 860,043 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Insurance ETF by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 1,412,312 shares of the exchange traded fund’s stock valued at $83,778,000 after purchasing an additional 433,329 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of SPDR S&P Insurance ETF by 173,743.6% during the second quarter. Qube Research & Technologies Ltd now owns 259,027 shares of the exchange traded fund’s stock valued at $15,474,000 after purchasing an additional 258,878 shares in the last quarter. Perbak Capital Partners LLP bought a new position in shares of SPDR S&P Insurance ETF during the third quarter valued at approximately $11,279,000. Finally, Jump Financial LLC increased its stake in shares of SPDR S&P Insurance ETF by 934.6% during the third quarter. Jump Financial LLC now owns 96,319 shares of the exchange traded fund’s stock valued at $5,714,000 after purchasing an additional 87,009 shares in the last quarter.

SPDR S&P Insurance ETF Stock Performance

Shares of NYSEARCA KIE opened at $56.30 on Thursday. SPDR S&P Insurance ETF has a fifty-two week low of $53.44 and a fifty-two week high of $61.26. The company has a 50 day simple moving average of $56.46 and a two-hundred day simple moving average of $57.96. The company has a market capitalization of $444.77 million, a price-to-earnings ratio of 14.40 and a beta of 0.64.

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. 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.