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

SPDR S&P Insurance ETF (NYSEARCA:KIE) saw unusually large options trading activity on Wednesday. Stock traders bought 3,085 put options on the stock. This is an increase of 190% compared to the average daily volume of 1,064 put options.

Institutional Trading of SPDR S&P Insurance ETF

Institutional investors have recently added to or reduced their stakes in the stock. Federation des caisses Desjardins du Quebec grew its holdings in SPDR S&P Insurance ETF by 75.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 788 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 340 shares in the last quarter. Allworth Financial LP boosted its position in shares of SPDR S&P Insurance ETF by 1,728.1% in the fourth quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock valued at $63,000 after acquiring an additional 985 shares during the period. Ameritas Advisory Services LLC bought a new position in SPDR S&P Insurance ETF in the 2nd quarter valued at $86,000. AlphaCore Capital LLC grew its position in shares of SPDR S&P Insurance ETF by 103.6% during the 4th quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock valued at $92,000 after purchasing an additional 781 shares in the last quarter. Finally, Barclays PLC purchased a new position in shares of SPDR S&P Insurance ETF during the 4th quarter valued at $96,000.

SPDR S&P Insurance ETF Stock Performance

KIE stock traded down $0.40 during midday trading on Wednesday, reaching $62.12. 459,451 shares of the company’s stock traded hands, compared to its average volume of 1,392,729. The firm has a market capitalization of $614.99 million, a PE ratio of 14.40 and a beta of 0.59. The company has a 50-day moving average price of $63.89 and a two-hundred day moving average price of $59.38. SPDR S&P Insurance ETF has a 52 week low of $53.44 and a 52 week high of $66.53.

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.