SPDR S&P Insurance ETF (NYSEARCA:KIE) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $61.94 and traded as high as $63.82. SPDR S&P Insurance ETF shares last traded at $63.51, with a volume of 792,770 shares changing hands.

SPDR S&P Insurance ETF Price Performance

The business has a fifty day moving average of $62.12 and a 200 day moving average of $58.69. The stock has a market capitalization of $636.08 million, a price-to-earnings ratio of 14.40 and a beta of 0.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP raised its stake in SPDR S&P Insurance ETF by 57.5% in the second quarter. Marshall Wace LLP now owns 8,697 shares of the exchange traded fund’s stock valued at $520,000 after buying an additional 3,175 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of SPDR S&P Insurance ETF by 173,743.6% in the second quarter. Qube Research & Technologies Ltd now owns 259,027 shares of the exchange traded fund’s stock valued at $15,474,000 after acquiring an additional 258,878 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of SPDR S&P Insurance ETF in the second quarter valued at about $281,000. MGB Wealth Management LLC increased its stake in shares of SPDR S&P Insurance ETF by 113.8% during the second quarter. MGB Wealth Management LLC now owns 2,728 shares of the exchange traded fund’s stock worth $163,000 after acquiring an additional 1,452 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new position in shares of SPDR S&P Insurance ETF during the second quarter worth about $1,696,000.

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.