Traders Purchase Large Volume of Put Options on SPDR S&P Insurance ETF (NYSEARCA:KIE)

SPDR S&P Insurance ETF (NYSEARCA:KIE) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 5,004 put options on the stock. This is an increase of approximately 1,385% compared to the average daily volume of 337 put options.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

A number of institutional investors have recently made changes to their positions in KIE. Csenge Advisory Group increased its stake in shares of SPDR S&P Insurance ETF by 0.3% in the second quarter. Csenge Advisory Group now owns 63,219 shares of the exchange traded fund’s stock valued at $3,739,000 after buying an additional 187 shares during the period. Kaizen Financial Strategies boosted its holdings in SPDR S&P Insurance ETF by 2.3% in the second quarter. Kaizen Financial Strategies now owns 8,388 shares of the exchange traded fund’s stock valued at $501,000 after acquiring an additional 188 shares during the last quarter. Blair William & Co. IL increased its position in SPDR S&P Insurance ETF by 5.4% during the 1st quarter. Blair William & Co. IL now owns 5,329 shares of the exchange traded fund’s stock valued at $323,000 after purchasing an additional 273 shares during the period. Fifth Third Securities Inc. increased its position in SPDR S&P Insurance ETF by 3.5% during the 3rd quarter. Fifth Third Securities Inc. now owns 9,776 shares of the exchange traded fund’s stock valued at $580,000 after purchasing an additional 334 shares during the period. Finally, HB Wealth Management LLC raised its holdings in SPDR S&P Insurance ETF by 6.4% during the 3rd quarter. HB Wealth Management LLC now owns 5,760 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 347 shares during the last quarter.

SPDR S&P Insurance ETF Price Performance

Shares of SPDR S&P Insurance ETF stock traded up $0.57 during trading on Tuesday, hitting $58.77. The company’s stock had a trading volume of 199,934 shares, compared to its average volume of 1,190,680. The stock has a market cap of $640.64 million, a price-to-earnings ratio of 14.40 and a beta of 0.74. SPDR S&P Insurance ETF has a 52 week low of $52.37 and a 52 week high of $61.27. The stock has a 50-day moving average price of $58.37 and a two-hundred day moving average price of $58.31.

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.