SPDR S&P Insurance ETF (NYSEARCA:KIE) Share Price Passes Above Fifty Day Moving Average of $28.98

Shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $28.98 and traded as high as $29.85. SPDR S&P Insurance ETF shares last traded at $29.61, with a volume of 179,247 shares.

The business has a 50 day moving average of $28.98 and a 200 day moving average of $27.67.

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Company LLC purchased a new stake in SPDR S&P Insurance ETF in the first quarter worth $41,000. US Bancorp DE lifted its position in SPDR S&P Insurance ETF by 64.7% during the first quarter. US Bancorp DE now owns 4,065 shares of the exchange traded fund’s stock valued at $101,000 after buying an additional 1,597 shares during the period. Rockefeller Capital Management L.P. lifted its position in SPDR S&P Insurance ETF by 62.9% during the second quarter. Rockefeller Capital Management L.P. now owns 7,112 shares of the exchange traded fund’s stock valued at $195,000 after buying an additional 2,747 shares during the period. Homrich & Berg purchased a new position in SPDR S&P Insurance ETF during the second quarter valued at $203,000. Finally, CAPROCK Group Inc. lifted its position in SPDR S&P Insurance ETF by 12.4% during the second quarter. CAPROCK Group Inc. now owns 16,649 shares of the exchange traded fund’s stock valued at $455,000 after buying an additional 1,837 shares during the period.

About SPDR S&P Insurance ETF (NYSEARCA:KIE)

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.

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