SPDR S&P Insurance ETF $KIE Shares Newly Purchased by Ellis Investment Partners LLC

Ellis Investment Partners LLC bought a new position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,595 shares of the exchange traded fund’s stock, valued at approximately $1,380,000. Ellis Investment Partners LLC owned approximately 0.27% of SPDR S&P Insurance ETF at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KIE. Bank of America Corp DE raised its holdings in SPDR S&P Insurance ETF by 68.9% during the 1st quarter. Bank of America Corp DE now owns 551,932 shares of the exchange traded fund’s stock worth $30,356,000 after purchasing an additional 225,106 shares during the last quarter. Triangle Securities Wealth Management bought a new stake in shares of SPDR S&P Insurance ETF during the third quarter worth about $4,598,000. Walleye Capital LLC purchased a new position in SPDR S&P Insurance ETF during the 1st quarter worth $2,740,000. Toth Financial Advisory Corp purchased a new position in shares of SPDR S&P Insurance ETF in the 3rd quarter worth approximately $1,394,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of SPDR S&P Insurance ETF in the 3rd quarter worth about $1,334,000.

SPDR S&P Insurance ETF Stock Down 0.1%

SPDR S&P Insurance ETF stock traded down $0.06 during trading on Wednesday, hitting $63.09. The stock had a trading volume of 356,940 shares, compared to its average volume of 1,354,847. SPDR S&P Insurance ETF has a 1 year low of $53.44 and a 1 year high of $66.53. The stock’s 50 day moving average is $62.04 and its two-hundred day moving average is $60.41. The stock has a market cap of $542.59 million, a price-to-earnings ratio of 14.40 and a beta of 0.59.

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.