SPDR S&P Insurance ETF $KIE Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 44.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,412,312 shares of the exchange traded fund’s stock after purchasing an additional 433,329 shares during the period. JPMorgan Chase & Co. owned about 12.96% of SPDR S&P Insurance ETF worth $83,778,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new stake in shares of SPDR S&P Insurance ETF during the second quarter worth approximately $1,104,000. Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR S&P Insurance ETF by 158.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,182 shares of the exchange traded fund’s stock valued at $310,000 after purchasing an additional 3,179 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of SPDR S&P Insurance ETF by 4.9% in the 2nd quarter. Lido Advisors LLC now owns 81,976 shares of the exchange traded fund’s stock valued at $4,897,000 after purchasing an additional 3,804 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of SPDR S&P Insurance ETF during the 2nd quarter worth $1,988,000. Finally, Marshall Wace LLP increased its holdings in SPDR S&P Insurance ETF by 57.5% in the second quarter. Marshall Wace LLP now owns 8,697 shares of the exchange traded fund’s stock valued at $520,000 after buying an additional 3,175 shares during the last quarter.

SPDR S&P Insurance ETF Price Performance

Shares of NYSEARCA KIE opened at $55.09 on Thursday. The business has a 50-day moving average of $57.83 and a two-hundred day moving average of $58.55. The company has a market capitalization of $462.76 million, a price-to-earnings ratio of 14.40 and a beta of 0.74. SPDR S&P Insurance ETF has a 1 year low of $52.37 and a 1 year high of $61.27.

About SPDR S&P Insurance ETF

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.