SPDR S&P Insurance ETF (NYSEARCA:KIE) Shares Sold by Brookstone Capital Management

Brookstone Capital Management lessened its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 78.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,554 shares of the exchange traded fund’s stock after selling 62,520 shares during the quarter. Brookstone Capital Management owned approximately 0.13% of SPDR S&P Insurance ETF worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of SPDR S&P Insurance ETF by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,985,840 shares of the exchange traded fund’s stock worth $169,446,000 after purchasing an additional 248,015 shares during the period. Two Sigma Advisers LP acquired a new position in SPDR S&P Insurance ETF in the third quarter valued at $12,990,000. Raymond James & Associates lifted its position in SPDR S&P Insurance ETF by 16.7% during the third quarter. Raymond James & Associates now owns 198,120 shares of the exchange traded fund’s stock worth $11,243,000 after buying an additional 28,392 shares during the period. Chicago Wealth Management Inc. boosted its stake in SPDR S&P Insurance ETF by 0.9% in the 2nd quarter. Chicago Wealth Management Inc. now owns 131,750 shares of the exchange traded fund’s stock worth $6,565,000 after buying an additional 1,221 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in SPDR S&P Insurance ETF by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 90,620 shares of the exchange traded fund’s stock valued at $4,516,000 after buying an additional 9,000 shares during the period.

SPDR S&P Insurance ETF Price Performance

NYSEARCA KIE opened at $57.37 on Friday. The company has a market cap of $803.18 million, a P/E ratio of 15.18 and a beta of 0.58. SPDR S&P Insurance ETF has a 12 month low of $45.73 and a 12 month high of $62.47. The company has a 50-day moving average of $58.31 and a 200-day moving average of $55.97.

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.