SPDR S&P Capital Markets ETF (NYSEARCA:KCE) Sees Unusually-High Trading Volume – Here’s Why

SPDR S&P Capital Markets ETF (NYSEARCA:KCE) shares saw unusually-high trading volume on Friday . Approximately 33,733 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 24,742 shares.The stock last traded at $158.2250 and had previously closed at $160.49.

SPDR S&P Capital Markets ETF Stock Down 1.9%

The firm has a market cap of $546.22 million, a price-to-earnings ratio of 21.50 and a beta of 1.26. The firm has a fifty day moving average price of $150.93 and a 200-day moving average price of $151.58.

Institutional Investors Weigh In On SPDR S&P Capital Markets ETF

Several hedge funds have recently modified their holdings of KCE. Jane Street Group LLC acquired a new position in SPDR S&P Capital Markets ETF during the first quarter worth approximately $1,966,000. Vicus Capital grew its stake in shares of SPDR S&P Capital Markets ETF by 8.9% during the 2nd quarter. Vicus Capital now owns 25,039 shares of the company’s stock valued at $3,629,000 after buying an additional 2,046 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SPDR S&P Capital Markets ETF during the 2nd quarter worth $145,000. Accel Wealth Management increased its holdings in shares of SPDR S&P Capital Markets ETF by 10.9% during the 2nd quarter. Accel Wealth Management now owns 13,408 shares of the company’s stock worth $1,943,000 after buying an additional 1,314 shares during the last quarter. Finally, Grimes & Company Inc. purchased a new position in shares of SPDR S&P Capital Markets ETF in the 2nd quarter worth $7,794,000.

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).