Kingsview Wealth Management LLC Boosts Holdings in SPDR S&P Insurance ETF $KIE

Kingsview Wealth Management LLC raised its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 65.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 277,176 shares of the exchange traded fund’s stock after acquiring an additional 110,150 shares during the period. Kingsview Wealth Management LLC’s holdings in SPDR S&P Insurance ETF were worth $16,442,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Citigroup Inc. boosted its position 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 worth $70,123,000 after acquiring an additional 860,043 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SPDR S&P Insurance ETF by 44.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,412,312 shares of the exchange traded fund’s stock worth $83,778,000 after purchasing an additional 433,329 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of SPDR S&P Insurance ETF by 173,743.6% during the 2nd 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 during the last quarter. Csenge Advisory Group boosted its holdings in shares of SPDR S&P Insurance ETF by 148.6% during the 3rd quarter. Csenge Advisory Group now owns 157,159 shares of the exchange traded fund’s stock valued at $9,323,000 after purchasing an additional 93,940 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of SPDR S&P Insurance ETF during the second quarter valued at about $4,552,000.

SPDR S&P Insurance ETF Trading Up 0.2%

Shares of KIE stock opened at $58.13 on Monday. The stock has a market capitalization of $488.29 million, a price-to-earnings ratio of 14.40 and a beta of 0.74. SPDR S&P Insurance ETF has a 12-month low of $52.37 and a 12-month high of $61.27. The stock’s 50-day moving average price is $58.84 and its 200-day moving average price is $58.74.

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.