Global Trust Asset Management LLC Increases Stake in SPDR S&P Insurance ETF

Global Trust Asset Management LLC has significantly increased its investment in the SPDR S&P Insurance ETF (NYSEARCA:KIE) by 258.0% during the third quarter of this year. This information comes from the company's latest report filed with the Securities and Exchange Commission. Following the purchase of an additional 1,290 shares, Global Trust Asset Management now holds a total of 1,790 shares in the ETF. The value of this investment is approximately $102,000, as disclosed in their most recent SEC filing.

In addition to Global Trust Asset Management, various other institutional investors and hedge funds have also been active in trading shares of the SPDR S&P Insurance ETF. For instance, Fischer Investment Strategies LLC increased its holdings by 119.6% in the second quarter, acquiring an additional 38,476 shares, raising its total to 70,638 shares valued at around $3,520,000.

Moreover, Raymond James & Associates made a notable increase by boosting its stake in the ETF by 261.0% during the same period. This firm now manages 169,728 shares worth approximately $8,458,000 after buying an extra 122,709 shares. Other investors, such as Capital CS Group LLC, also entered the market, acquiring a new stake worth $215,000. Further, Envestnet Asset Management Inc. increased its stake by 11.0%, holding now 90,620 shares with a value of $4,516,000 after adding 9,000 shares. Finally, Vicus Capital purchased a new position in the ETF worth about $2,887,000 during the first quarter.

Current Performance of SPDR S&P Insurance ETF

As of the most recent trading session, shares of the SPDR S&P Insurance ETF opened at $56.44. This fund has experienced a range over the past year, with a low of $41.56 and a high of $58.82. The market capitalization of the ETF stands at $790.16 million, with a price-to-earnings (PE) ratio of 15.18 and a beta of 0.58, indicating relatively low volatility in comparison to the market. Additionally, the stock's 50-day moving average is reported at $56.36, while the 200-day moving average sits at $52.68.

About the SPDR S&P Insurance ETF

The SPDR S&P Insurance ETF, previously known as the SPDR KBW Insurance ETF, aims to replicate the returns and general characteristics of the S&P Banks Select Industry Index. The ETF invests at least 80% of its total assets in securities that comprise this index and maintains investment in all constituents of the index, closely mirroring its proportion.

Investment, ETF, Securities