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 share 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. Approximately 14,810 shares were traded during trading, a decline of 33% from the average session volume of 22,139 shares. The stock had previously closed at $154.29.

SPDR S&P Capital Markets ETF Stock Performance

The company has a 50 day moving average of $163.67 and a 200 day moving average of $154.46. The firm has a market cap of $518.33 million, a P/E ratio of 21.50 and a beta of 1.24.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. TigerOak Management L.L.C. lifted its stake in shares of 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 purchasing an additional 261 shares during the last quarter. Accel Wealth Management grew its position in shares of SPDR S&P Capital Markets ETF by 7.9% in the second quarter. Accel Wealth Management now owns 27,798 shares of the company’s stock valued at $4,093,000 after purchasing an additional 2,035 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in 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 buying an additional 3,101 shares during the last quarter. Royal Bank of Canada boosted its position in shares of SPDR S&P Capital Markets ETF by 34.0% in the first quarter. Royal Bank of Canada now owns 14,097 shares of the company’s stock valued at $1,940,000 after acquiring an additional 3,573 shares during the period. Finally, IMC Chicago LLC acquired a new stake in shares of SPDR S&P Capital Markets ETF in the first quarter worth $1,153,000.

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).