Amica Mutual Insurance Co. Acquires New Shares in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Amica Mutual Insurance Co. acquired a new stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 48,569 shares of the exchange traded fund’s stock, valued at approximately $2,196,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KIE. Concourse Financial Group Securities Inc. lifted its holdings in shares of SPDR S&P Insurance ETF by 247.3% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 698 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 497 shares during the period. Advisors Preferred LLC bought a new position in shares of SPDR S&P Insurance ETF during the 4th quarter valued at $44,000. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Insurance ETF during the 4th quarter valued at $176,000. PFG Investments LLC bought a new position in shares of SPDR S&P Insurance ETF during the 4th quarter valued at $216,000. Finally, All Season Financial Advisors Inc. bought a new position in shares of SPDR S&P Insurance ETF during the 3rd quarter valued at $260,000.

SPDR S&P Insurance ETF Stock Performance

Shares of NYSEARCA KIE traded up $0.26 during midday trading on Monday, hitting $48.79. 688,667 shares of the stock traded hands, compared to its average volume of 879,940. The firm has a 50-day moving average of $49.96 and a two-hundred day moving average of $46.87. The firm has a market capitalization of $717.21 million, a P/E ratio of 15.10 and a beta of 0.58. SPDR S&P Insurance ETF has a one year low of $38.04 and a one year high of $52.26.

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.