SPDR S&P Insurance ETF (NYSEARCA:KIE) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

SPDR S&P Insurance ETF (NYSEARCA:KIE) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $59.48 and traded as high as $60.11. SPDR S&P Insurance ETF shares last traded at $59.15, with a volume of 1,801,468 shares trading hands.

SPDR S&P Insurance ETF Stock Performance

The company has a market cap of $496.86 million, a price-to-earnings ratio of 14.40 and a beta of 0.74. The firm’s 50 day simple moving average is $59.48 and its 200-day simple moving average is $58.65.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its holdings in shares of SPDR S&P Insurance ETF by 705.9% during the 4th quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 360 shares during the last quarter. Allworth Financial LP lifted its position in SPDR S&P Insurance ETF by 1,728.1% during the fourth quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 985 shares in the last quarter. CWM LLC boosted its stake in SPDR S&P Insurance ETF by 1,162.8% during the fourth quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 1,000 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in SPDR S&P Insurance ETF in the 2nd quarter valued at $84,000. Finally, AlphaCore Capital LLC increased its stake in shares of SPDR S&P Insurance ETF by 103.6% in the 4th quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock worth $92,000 after acquiring an additional 781 shares during the last quarter.

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.