SPDR S&P Insurance ETF (KIE) Sees Strong Trading Volume

SPDR S&P Insurance ETF (NYSEARCA:KIE) saw an uptick in trading volume on Wednesday . 10,314 shares were traded during trading, a decline of 97% from the previous session’s volume of 338,845 shares.The stock last traded at $32.89 and had previously closed at $32.76.

Several institutional investors have recently bought and sold shares of KIE. Financial Advocates Investment Management lifted its position in shares of SPDR S&P Insurance ETF by 234.7% during the fourth quarter. Financial Advocates Investment Management now owns 492 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 345 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in SPDR S&P Insurance ETF during the fourth quarter valued at $26,000. Berman Capital Advisors LLC purchased a new position in SPDR S&P Insurance ETF during the fourth quarter valued at $42,000. Lehman & Derafelo Financial Resources LLC purchased a new position in SPDR S&P Insurance ETF during the fourth quarter valued at $45,000. Finally, Kwmg LLC purchased a new position in SPDR S&P Insurance ETF during the fourth quarter valued at $51,000.

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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.

Further Reading: Quiet Period Expirations

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