J.Safra Asset Management Corp Takes $36.45 Million Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

J.Safra Asset Management Corp bought a new position in SPDR S&P Insurance ETF (NYSEARCA:KIE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 646,853 shares of the exchange traded fund’s stock, valued at approximately $36,450,000. SPDR S&P Insurance ETF comprises 3.0% of J.Safra Asset Management Corp’s investment portfolio, making the stock its 13th largest position. J.Safra Asset Management Corp owned about 4.62% of SPDR S&P Insurance ETF as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KIE. Janney Montgomery Scott LLC increased its holdings in SPDR S&P Insurance ETF by 40.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 40,182 shares of the exchange traded fund’s stock valued at $2,280,000 after purchasing an additional 11,574 shares during the period. Lindbrook Capital LLC bought a new stake in shares of SPDR S&P Insurance ETF in the 3rd quarter worth approximately $235,000. LMR Partners LLP purchased a new position in shares of SPDR S&P Insurance ETF during the third quarter valued at approximately $451,000. DRW Securities LLC bought a new position in shares of SPDR S&P Insurance ETF during the third quarter valued at approximately $3,064,000. Finally, FMR LLC raised its holdings in shares of SPDR S&P Insurance ETF by 19.5% during the third quarter. FMR LLC now owns 12,174 shares of the exchange traded fund’s stock valued at $691,000 after acquiring an additional 1,983 shares in the last quarter.

SPDR S&P Insurance ETF Stock Down 1.9 %

NYSEARCA:KIE opened at $59.11 on Wednesday. The firm’s fifty day simple moving average is $57.35 and its 200 day simple moving average is $57.42. The stock has a market cap of $945.76 million, a P/E ratio of 12.89 and a beta of 0.88. SPDR S&P Insurance ETF has a twelve month low of $47.65 and a twelve month high of $62.47.

SPDR S&P Insurance ETF Company 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.