SPDR S&P Capital Markets ETF (NYSEARCA:KCE) Shares Down 1.5% – What’s Next?

SPDR S&P Capital Markets ETF (NYSEARCA:KCE)’s stock price traded down 1.5% during mid-day trading on Wednesday . The stock traded as low as $165.85 and last traded at $165.85. 22,783 shares traded hands during trading, an increase of 22% from the average daily volume of 18,668 shares. The stock had previously closed at $168.30.

SPDR S&P Capital Markets ETF Stock Performance

The company has a market cap of $472.67 million, a price-to-earnings ratio of 21.50 and a beta of 1.22. The firm’s 50-day moving average price is $163.25 and its 200 day moving average price is $152.75.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in SPDR S&P Capital Markets ETF by 5.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,993 shares of the company’s stock worth $299,000 after purchasing an additional 111 shares during the period. Kaizen Financial Strategies increased its position in SPDR S&P Capital Markets ETF by 9.7% during the first quarter. Kaizen Financial Strategies now owns 1,690 shares of the company’s stock worth $255,000 after buying an additional 150 shares during the last quarter. Cetera Investment Advisers lifted its holdings in SPDR S&P Capital Markets ETF by 1.4% during the 4th quarter. Cetera Investment Advisers now owns 12,154 shares of the company’s stock valued at $1,822,000 after purchasing an additional 163 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of SPDR S&P Capital Markets ETF by 68.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 587 shares of the company’s stock worth $90,000 after buying an additional 238 shares during the period. Finally, TigerOak Management L.L.C. raised its holdings in SPDR S&P Capital Markets ETF by 0.9% in the 1st quarter. TigerOak Management L.L.C. now owns 28,405 shares of the company’s stock valued at $3,909,000 after acquiring an additional 261 shares during the period.

SPDR S&P Capital Markets ETF Company Profile

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).