24,351 Shares in SPDR S&P Insurance ETF (NYSEARCA:KIE) Purchased by Marshall Investment Management LLC

Marshall Investment Management LLC purchased a new position in SPDR S&P Insurance ETF (NYSEARCA:KIE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,351 shares of the exchange traded fund’s stock, valued at approximately $1,382,000.

Several other hedge funds and other institutional investors have also bought and sold shares of KIE. Raymond James & Associates lifted its stake in SPDR S&P Insurance ETF by 16.7% during the 3rd quarter. Raymond James & Associates now owns 198,120 shares of the exchange traded fund’s stock valued at $11,243,000 after acquiring an additional 28,392 shares during the period. Global Trust Asset Management LLC lifted its stake in SPDR S&P Insurance ETF by 258.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,790 shares of the exchange traded fund’s stock valued at $102,000 after acquiring an additional 1,290 shares during the period. Legacy Capital Group California Inc. bought a new position in SPDR S&P Insurance ETF during the 3rd quarter valued at about $287,000. PFG Investments LLC lifted its stake in SPDR S&P Insurance ETF by 6.9% during the 3rd quarter. PFG Investments LLC now owns 6,593 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 423 shares during the period. Finally, Ellis Investment Partners LLC lifted its stake in SPDR S&P Insurance ETF by 39.9% during the 3rd quarter. Ellis Investment Partners LLC now owns 27,598 shares of the exchange traded fund’s stock valued at $1,566,000 after acquiring an additional 7,874 shares during the period.

SPDR S&P Insurance ETF Stock Performance

KIE opened at $57.00 on Friday. The company’s 50-day simple moving average is $57.09 and its two-hundred day simple moving average is $57.12. SPDR S&P Insurance ETF has a 52-week low of $47.65 and a 52-week high of $62.47. The stock has a market capitalization of $798 million, a P/E ratio of 15.18 and a beta of 0.58.

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.