Ladenburg Thalmann Financial Services Inc. Has $746,000 Stake in SPDR S&P Insurance ETF (KIE)

Ladenburg Thalmann Financial Services Inc. lessened its holdings in shares of SPDR S&P Insurance ETF (NYSEARCA:KIE) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,281 shares of the exchange traded fund’s stock after selling 1,650 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.09% of SPDR S&P Insurance ETF worth $746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of SPDR S&P Insurance ETF during the 3rd quarter valued at $9,999,000. Wells Fargo & Company MN increased its position in shares of SPDR S&P Insurance ETF by 8.7% in the 3rd quarter. Wells Fargo & Company MN now owns 90,369 shares of the exchange traded fund’s stock valued at $8,132,000 after acquiring an additional 7,238 shares during the period. FMR LLC acquired a new position in shares of SPDR S&P Insurance ETF in the 2nd quarter valued at $5,175,000. HighTower Advisors LLC increased its position in shares of SPDR S&P Insurance ETF by 11.1% in the 2nd quarter. HighTower Advisors LLC now owns 41,649 shares of the exchange traded fund’s stock valued at $3,668,000 after acquiring an additional 4,149 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of SPDR S&P Insurance ETF by 8.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 39,323 shares of the exchange traded fund’s stock valued at $3,463,000 after acquiring an additional 3,079 shares during the period.

SPDR S&P Insurance ETF (KIE) opened at $30.64 on Friday. SPDR S&P Insurance ETF has a 12-month low of $27.41 and a 12-month high of $31.48. The stock has a market capitalization of $895.86 and a price-to-earnings ratio of 60.08.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th will be given a dividend of $0.1748 per share. This represents a $0.70 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, December 15th. SPDR S&P Insurance ETF’s dividend payout ratio is currently 213.73%.

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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.

Institutional Ownership by Quarter for SPDR S&P Insurance ETF (NYSEARCA:KIE)

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