Stock Traders Buy High Volume of SPDR S&P Insurance ETF Put Options (NYSEARCA:KIE)

SPDR S&P Insurance ETF (NYSEARCA:KIE) was the target of some unusual options trading on Tuesday. Traders acquired 5,004 put options on the stock. This is an increase of 1,385% compared to the average daily volume of 337 put options.

Hedge Funds Weigh In On SPDR S&P Insurance ETF

Institutional investors have recently modified their holdings of the business. Cetera Investment Advisers raised its position in SPDR S&P Insurance ETF by 7.8% in the 1st quarter. Cetera Investment Advisers now owns 15,804 shares of the exchange traded fund’s stock valued at $957,000 after purchasing an additional 1,137 shares during the last quarter. Blair William & Co. IL increased its stake in SPDR S&P Insurance ETF by 5.4% in the first quarter. Blair William & Co. IL now owns 5,329 shares of the exchange traded fund’s stock valued at $323,000 after purchasing an additional 273 shares during the period. AlphaCore Capital LLC acquired a new position in SPDR S&P Insurance ETF in the first quarter valued at $46,000. Citigroup Inc. increased its stake in SPDR S&P Insurance ETF by 72.2% in the first quarter. Citigroup Inc. now owns 269,405 shares of the exchange traded fund’s stock valued at $16,307,000 after purchasing an additional 112,985 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P Insurance ETF by 10.3% in the first quarter. JPMorgan Chase & Co. now owns 3,323,544 shares of the exchange traded fund’s stock valued at $201,175,000 after buying an additional 310,982 shares during the last quarter.

SPDR S&P Insurance ETF Stock Up 0.4%

NYSEARCA:KIE opened at $58.75 on Thursday. The company has a market capitalization of $640.38 million, a PE ratio of 14.40 and a beta of 0.74. SPDR S&P Insurance ETF has a 52-week low of $52.37 and a 52-week high of $61.27. The stock’s 50 day moving average price is $58.36 and its 200 day moving average price is $58.32.

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.