Fairvoy Private Wealth LLC Invests $750,000 in SPDR S&P Insurance ETF $KIE

Fairvoy Private Wealth LLC bought a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,642 shares of the exchange traded fund’s stock, valued at approximately $750,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings 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 stake in SPDR S&P Insurance ETF by 173,743.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 259,027 shares of the exchange traded fund’s stock worth $15,474,000 after purchasing an additional 258,878 shares during the period. Millennium Management LLC purchased a new stake in SPDR S&P Insurance ETF during the 4th quarter valued at approximately $15,137,000. Perbak Capital Partners LLP purchased a new position in shares of SPDR S&P Insurance ETF in the third quarter worth $11,279,000. Finally, Jain Global LLC purchased a new position in shares of SPDR S&P Insurance ETF in the fourth quarter worth $8,368,000.

SPDR S&P Insurance ETF Stock Performance

Shares of NYSEARCA:KIE opened at $59.13 on Friday. The firm has a market cap of $467.13 million, a price-to-earnings ratio of 14.40 and a beta of 0.62. The firm has a fifty day moving average price of $57.31 and a 200 day moving average price of $57.70. SPDR S&P Insurance ETF has a fifty-two week low of $53.44 and a fifty-two week high of $61.26.

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.