Trademark Financial Management LLC Has $240,000 Stock Position in SPDR S&P Insurance ETF (NYSEARCA:KIE)

Trademark Financial Management LLC cut its stake in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 56.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,222 shares of the exchange traded fund’s stock after selling 5,571 shares during the period. Trademark Financial Management LLC’s holdings in SPDR S&P Insurance ETF were worth $240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of SPDR S&P Insurance ETF by 6.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,741 shares of the exchange traded fund’s stock worth $1,549,000 after buying an additional 1,724 shares during the period. Manchester Capital Management LLC grew its holdings in SPDR S&P Insurance ETF by 10.0% during the first quarter. Manchester Capital Management LLC now owns 3,300 shares of the exchange traded fund’s stock valued at $172,000 after purchasing an additional 300 shares during the period. PFG Advisors bought a new stake in SPDR S&P Insurance ETF in the first quarter valued at approximately $475,000. Oppenheimer & Co. Inc. acquired a new stake in SPDR S&P Insurance ETF in the first quarter worth $216,000. Finally, Tradewinds LLC. bought a new position in shares of SPDR S&P Insurance ETF during the first quarter worth $259,000.

SPDR S&P Insurance ETF Stock Up 4.5 %

KIE opened at $58.61 on Thursday. The stock has a market cap of $820.54 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 $43.01 and a 12 month high of $58.84. The company has a fifty day simple moving average of $56.65 and a 200 day simple moving average of $53.15.

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.