SPDR S&P Capital Markets ETF (NYSEARCA:KCE) Stock Price Down 0.1% – Here’s Why

SPDR S&P Capital Markets ETF (NYSEARCA:KCE)’s stock price was down 0.1% during mid-day trading on Wednesday. The stock traded as low as $153.95 and last traded at $154.14. 14,810 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 22,139 shares. The stock had previously closed at $154.29.

SPDR S&P Capital Markets ETF Stock Performance

The firm has a fifty day simple moving average of $163.69 and a 200 day simple moving average of $154.32. The company has a market capitalization of $513.29 million, a PE ratio of 21.50 and a beta of 1.22.

Hedge Funds Weigh In On SPDR S&P Capital Markets ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in KCE. Kaizen Financial Strategies raised its holdings in shares of SPDR S&P Capital Markets ETF by 9.7% in the first quarter. Kaizen Financial Strategies now owns 1,690 shares of the company’s stock valued at $255,000 after acquiring an additional 150 shares in the last quarter. Worthington Financial Partners LLC bought a new position in SPDR S&P Capital Markets ETF during the 4th quarter worth about $571,000. IMC Chicago LLC purchased a new position in SPDR S&P Capital Markets ETF during the 1st quarter valued at about $1,153,000. Royal Bank of Canada increased its position in SPDR S&P Capital Markets ETF by 34.0% during the 1st quarter. Royal Bank of Canada now owns 14,097 shares of the company’s stock valued at $1,940,000 after purchasing an additional 3,573 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of SPDR S&P Capital Markets ETF by 13.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,897 shares of the company’s stock valued at $3,960,000 after purchasing an additional 3,101 shares in the last quarter.

About SPDR S&P Capital Markets ETF

The SPDR S&P Capital Markets ETF (the Fund), formerly SPDR KBW Capital Markets ETF, seeks to closely match the returns and characteristics of the S&P Capital Markets Select Industry Index. The S&P Capital Markets Select Industry Index is a float-adjusted, modified-market, capitalization-weighted index that seeks to reflect the performance of the United States publicly traded companies that do business as broker dealers, asset managers, trust and custody banks or exchanges. The S&P Capital Markets Select Industry Index consists of companies active in the United States capital markets that are listed on the New York Stock Exchange (NYSE), or another the United States national securities exchange (NASDAQ)/ National Market System (NMS).