SPDR S&P Insurance ETF $KIE Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. lowered its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 15.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,300 shares of the exchange traded fund’s stock after selling 47,550 shares during the period. Factory Mutual Insurance Co. owned approximately 3.18% of SPDR S&P Insurance ETF worth $15,462,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oppenheimer & Co. Inc. bought a new stake in shares of SPDR S&P Insurance ETF during the 3rd quarter worth approximately $1,273,000. Segment Wealth Management LLC bought a new position in SPDR S&P Insurance ETF in the third quarter valued at approximately $261,000. Manchester Capital Management LLC bought a new position in SPDR S&P Insurance ETF in the third quarter valued at approximately $193,000. Ellis Investment Partners LLC bought a new position in SPDR S&P Insurance ETF in the third quarter valued at approximately $1,380,000. Finally, Fifth Third Securities Inc. acquired a new position in SPDR S&P Insurance ETF during the third quarter valued at approximately $405,000.

SPDR S&P Insurance ETF Price Performance

Shares of KIE opened at $64.37 on Wednesday. The firm has a 50 day simple moving average of $62.01 and a two-hundred day simple moving average of $59.69. SPDR S&P Insurance ETF has a one year low of $53.44 and a one year high of $66.53. The company has a market cap of $524.62 million, a P/E ratio of 14.40 and a beta of 0.57.

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.