CoreCap Advisors LLC Cuts Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

CoreCap Advisors LLC lessened its holdings in SPDR S&P Insurance ETF (NYSEARCA:KIE) by 54.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,751 shares of the exchange traded fund’s stock after selling 2,100 shares during the period. CoreCap Advisors LLC’s holdings in SPDR S&P Insurance ETF were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KIE. J.Safra Asset Management Corp purchased a new position in SPDR S&P Insurance ETF during the fourth quarter valued at $36,450,000. Raymond James Financial Inc. purchased a new position in SPDR S&P Insurance ETF during the fourth quarter valued at $18,178,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in SPDR S&P Insurance ETF during the fourth quarter valued at $11,609,000. Hollencrest Capital Management lifted its holdings in SPDR S&P Insurance ETF by 35,475.8% during the fourth quarter. Hollencrest Capital Management now owns 110,285 shares of the exchange traded fund’s stock valued at $6,231,000 after purchasing an additional 109,975 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in SPDR S&P Insurance ETF by 14.6% during the fourth quarter. LPL Financial LLC now owns 624,315 shares of the exchange traded fund’s stock valued at $35,286,000 after purchasing an additional 79,755 shares in the last quarter.

SPDR S&P Insurance ETF Stock Down 0.3%

KIE opened at $58.85 on Wednesday. The company has a market cap of $906.29 million, a price-to-earnings ratio of 12.16 and a beta of 0.77. SPDR S&P Insurance ETF has a 52-week low of $48.82 and a 52-week high of $62.47. The firm’s fifty day simple moving average is $58.02 and its two-hundred day simple moving average is $58.05.

SPDR S&P Insurance ETF 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.