Fairvoy Private Wealth LLC Invests $750,000 in SPDR S&P Insurance ETF $KIE

Fairvoy Private Wealth LLC acquired a new stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 13,642 shares of the exchange traded fund’s stock, valued at approximately $750,000. Fairvoy Private Wealth LLC owned approximately 0.17% of SPDR S&P Insurance ETF as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cumberland Advisors Inc. raised its stake in SPDR S&P Insurance ETF by 89.3% during the 3rd quarter. Cumberland Advisors Inc. now owns 123,690 shares of the exchange traded fund’s stock worth $7,337,000 after acquiring an additional 58,360 shares during the period. Perbak Capital Partners LLP bought a new position in shares of SPDR S&P Insurance ETF in the third quarter worth approximately $11,279,000. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Insurance ETF by 44.3% in the third quarter. JPMorgan Chase & Co. now owns 1,412,312 shares of the exchange traded fund’s stock worth $83,778,000 after purchasing an additional 433,329 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of SPDR S&P Insurance ETF in the fourth quarter worth approximately $2,032,000. Finally, Blue Jean Financial LLC purchased a new stake in shares of SPDR S&P Insurance ETF in the fourth quarter worth $750,000.

SPDR S&P Insurance ETF Price Performance

Shares of KIE stock opened at $59.13 on Friday. The company has a market capitalization of $467.13 million, a price-to-earnings ratio of 14.40 and a beta of 0.62. SPDR S&P Insurance ETF has a one year low of $53.44 and a one year high of $61.26. The company’s fifty day moving average price is $57.31 and its 200-day moving average price is $57.70.

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. 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.