Dividend Increases Have Insurance ETF Looking Appealing (KIE)

The ETF Professor thinks the SPDR KBW Insurance (NYSE: KIE) could be a good play for investors with a longer-term time horizon. The Professor thinks dividend increases among some of KIE's top holdings could be a positive catalyst for the ETF going forward.

Recent dividend hikes from Travelers (NYSE: TRV) and Prudential Financial (NYSE: PRU) are good signs to be sure and Aflac (NYSE: AFL) has raised its dividend every year for more than 25 years in a row, so the Professor won't rule out Aflac joining the party soon.

KIE has tracked the broader market closely, gaining 10% over the past three months and that's the same performance as the S&P 500.