SPDR S&P Insurance ETF (NYSEARCA:KIE) Sets New 12-Month High – What’s Next?

SPDR S&P Insurance ETF (NYSEARCA:KIE) hit a new 52-week high during trading on Tuesday . The stock traded as high as $66.01 and last traded at $65.88, with a volume of 146235 shares changing hands. The stock had previously closed at $64.74.

SPDR S&P Insurance ETF Stock Up 2.1%

The company has a market capitalization of $667.31 million, a P/E ratio of 14.40 and a beta of 0.60. The company’s 50-day simple moving average is $59.98 and its 200 day simple moving average is $58.17.

Institutional Investors Weigh In On SPDR S&P Insurance ETF

A number of large investors have recently bought and sold shares of KIE. Marshall Wace LLP lifted its position in shares of SPDR S&P Insurance ETF by 57.5% in the second quarter. Marshall Wace LLP now owns 8,697 shares of the exchange traded fund’s stock worth $520,000 after buying an additional 3,175 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings 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 last quarter. Jane Street Group LLC acquired a new stake in SPDR S&P Insurance ETF in the 2nd quarter worth approximately $281,000. MGB Wealth Management LLC boosted its position in SPDR S&P Insurance ETF by 113.8% during 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 period. Finally, Brevan Howard Capital Management LP bought a new stake in SPDR S&P Insurance ETF during the second quarter worth approximately $1,696,000.

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.