Perigon Wealth Management LLC Invests $1.60 Million in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Perigon Wealth Management LLC acquired a new position in SPDR S&P Insurance ETF (NYSEARCA:KIE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,473 shares of the exchange traded fund’s stock, valued at approximately $1,602,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KIE. Briaud Financial Planning Inc purchased a new stake in shares of SPDR S&P Insurance ETF in the 4th quarter worth $27,000. Provident Wealth Management LLC purchased a new stake in shares of SPDR S&P Insurance ETF in the 1st quarter worth $48,000. Golden State Wealth Management LLC purchased a new stake in shares of SPDR S&P Insurance ETF in the 1st quarter worth $54,000. National Bank of Canada FI increased its stake in shares of SPDR S&P Insurance ETF by 33.1% in the 4th quarter. National Bank of Canada FI now owns 1,167 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 290 shares in the last quarter. Finally, Amundi increased its stake in shares of SPDR S&P Insurance ETF by 425.0% in the 4th quarter. Amundi now owns 2,100 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 1,700 shares in the last quarter.

SPDR S&P Insurance ETF Stock Performance

Shares of KIE stock opened at $59.17 on Friday. SPDR S&P Insurance ETF has a 52-week low of $49.24 and a 52-week high of $62.47. The firm has a market capitalization of $860.92 million, a PE ratio of 14.40 and a beta of 0.86. The stock has a fifty day simple moving average of $58.32 and a two-hundred day simple moving average of $57.92.

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.