Triangle Securities Wealth Management Acquires 78,600 Shares of SPDR S&P Insurance ETF $KIE

Triangle Securities Wealth Management purchased a new stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) during the 3rd quarter, Holdings Channel reports. The fund purchased 78,600 shares of the exchange traded fund’s stock, valued at approximately $4,598,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in SPDR S&P Insurance ETF in the third quarter valued at approximately $30,000. Ameritas Advisory Services LLC bought a new position in SPDR S&P Insurance ETF in the second quarter valued at approximately $86,000. Eastern Bank bought a new position in SPDR S&P Insurance ETF in the third quarter valued at approximately $121,000. Parallel Advisors LLC acquired a new stake in SPDR S&P Insurance ETF during the 1st quarter worth $140,000. Finally, CoreCap Advisors LLC acquired a new stake in SPDR S&P Insurance ETF during the 3rd quarter worth $200,000.

SPDR S&P Insurance ETF Stock Performance

Shares of SPDR S&P Insurance ETF stock opened at $60.91 on Thursday. The firm has a fifty day moving average of $62.19 and a two-hundred day moving average of $60.18. The stock has a market capitalization of $532.96 million, a price-to-earnings ratio of 14.40 and a beta of 0.59. 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 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.