Royal Bank of Canada Lowers Holdings in SPDR S&P Insurance ETF $KIE

Royal Bank of Canada decreased its position in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 45.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,809 shares of the exchange traded fund’s stock after selling 33,731 shares during the quarter. Royal Bank of Canada owned approximately 0.50% of SPDR S&P Insurance ETF worth $2,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in SPDR S&P Insurance ETF by 705.9% in the fourth quarter. Farther Finance Advisors LLC now owns 411 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 360 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in shares of SPDR S&P Insurance ETF by 75.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 788 shares of the exchange traded fund’s stock valued at $47,000 after purchasing an additional 340 shares in the last quarter. Allworth Financial LP lifted its position in shares of SPDR S&P Insurance ETF by 1,728.1% in the 4th quarter. Allworth Financial LP now owns 1,042 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 985 shares during the period. CWM LLC lifted its position in shares of SPDR S&P Insurance ETF by 1,162.8% in the 4th quarter. CWM LLC now owns 1,086 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 1,000 shares during the period. Finally, AlphaCore Capital LLC boosted its stake in shares of SPDR S&P Insurance ETF by 103.6% during the fourth quarter. AlphaCore Capital LLC now owns 1,535 shares of the exchange traded fund’s stock valued at $92,000 after purchasing an additional 781 shares in the last quarter.

SPDR S&P Insurance ETF Stock Performance

NYSEARCA KIE opened at $63.22 on Tuesday. The company has a market cap of $625.88 million, a PE ratio of 14.40 and a beta of 0.60. The firm’s 50 day moving average price is $62.40 and its 200-day moving average price is $58.77. SPDR S&P Insurance ETF has a 52-week low of $53.44 and a 52-week high of $66.53.

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. 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.