Berman Capital Advisors LLC Buys New Position in SPDR S&P Insurance ETF (KIE)

Berman Capital Advisors LLC bought a new stake in SPDR S&P Insurance ETF (NYSEARCA:KIE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,483 shares of the exchange traded fund’s stock, valued at approximately $42,000.

A number of other hedge funds also recently modified their holdings of KIE. Bruderman Asset Management LLC acquired a new position in SPDR S&P Insurance ETF in the fourth quarter valued at approximately $26,000. Kwmg LLC bought a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter valued at approximately $51,000. Fis Group Inc. bought a new stake in shares of SPDR S&P Insurance ETF during the fourth quarter valued at approximately $167,000. Bell Rock Capital LLC bought a new stake in shares of SPDR S&P Insurance ETF during the third quarter valued at approximately $169,000. Finally, Advisor Group Inc. raised its holdings in shares of SPDR S&P Insurance ETF by 6.7% during the fourth quarter. Advisor Group Inc. now owns 9,429 shares of the exchange traded fund’s stock valued at $267,000 after buying an additional 591 shares during the last quarter.

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KIE opened at $31.22 on Wednesday. SPDR S&P Insurance ETF has a twelve month low of $26.49 and a twelve month high of $32.78.

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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.

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