Silicon Valley Capital Partners Buys Shares of 602 SPDR S&P Insurance ETF (NYSEARCA:KIE)

Silicon Valley Capital Partners purchased a new position in SPDR S&P Insurance ETF (NYSEARCA:KIE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 602 shares of the exchange traded fund’s stock, valued at approximately $34,000.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in SPDR S&P Insurance ETF by 261.0% in the 2nd quarter. Raymond James & Associates now owns 169,728 shares of the exchange traded fund’s stock worth $8,458,000 after purchasing an additional 122,709 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of SPDR S&P Insurance ETF by 345.7% in the first quarter. Kingsview Wealth Management LLC now owns 130,814 shares of the exchange traded fund’s stock valued at $6,812,000 after acquiring an additional 101,462 shares during the period. SPC Financial Inc. purchased a new position in SPDR S&P Insurance ETF during the third quarter valued at approximately $4,747,000. Mutual Advisors LLC bought a new stake in SPDR S&P Insurance ETF during the 1st quarter worth approximately $3,090,000. Finally, Fischer Investment Strategies LLC boosted its holdings in SPDR S&P Insurance ETF by 119.6% in the 2nd quarter. Fischer Investment Strategies LLC now owns 70,638 shares of the exchange traded fund’s stock valued at $3,520,000 after purchasing an additional 38,476 shares during the period.

SPDR S&P Insurance ETF Stock Performance

Shares of KIE stock opened at $55.83 on Monday. SPDR S&P Insurance ETF has a 52-week low of $43.01 and a 52-week high of $58.82. The business’s fifty day moving average is $56.57 and its 200 day moving average is $52.97. The company has a market capitalization of $781.62 million, a PE 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.