Lido Advisors LLC Trims Stock Holdings in SPDR S&P Insurance ETF $KIE

Lido Advisors LLC trimmed its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 73.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,893 shares of the exchange traded fund’s stock after selling 56,818 shares during the quarter. Lido Advisors LLC owned approximately 0.26% of SPDR S&P Insurance ETF worth $1,149,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KIE. Marshall Wace LLP grew its position in SPDR S&P Insurance ETF by 57.5% in the 2nd quarter. Marshall Wace LLP now owns 8,697 shares of the exchange traded fund’s stock valued at $520,000 after acquiring an additional 3,175 shares during the last quarter. Qube Research & Technologies Ltd boosted 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 during the period. Jane Street Group LLC purchased a new stake in shares of SPDR S&P Insurance ETF during the second quarter valued at $281,000. MGB Wealth Management LLC grew its holdings in shares of SPDR S&P Insurance ETF by 113.8% in the second quarter. MGB Wealth Management LLC now owns 2,728 shares of the exchange traded fund’s stock worth $163,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in shares of SPDR S&P Insurance ETF in the second quarter worth about $1,696,000.

SPDR S&P Insurance ETF Price Performance

KIE stock opened at $64.74 on Tuesday. The company has a market capitalization of $653.87 million, a PE ratio of 14.40 and a beta of 0.60. SPDR S&P Insurance ETF has a 12 month low of $53.44 and a 12 month high of $65.20. The firm’s 50-day moving average is $59.98 and its 200 day moving average is $58.17.

SPDR S&P Insurance ETF 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.