SPDR S&P Capital Markets ETF (NYSEARCA:KCE) Shares Down 1.5% – Time to Sell?

by · The Markets Daily

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

SPDR S&P Capital Markets ETF Stock Down 1.5%

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

Institutional Trading of SPDR S&P Capital Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd lifted its holdings in shares of SPDR S&P Capital Markets ETF by 226.2% during the second quarter. Qube Research & Technologies Ltd now owns 349 shares of the company’s stock worth $51,000 after buying an additional 242 shares during the last quarter. Wells Fargo & Company MN acquired a new position in shares of SPDR S&P Capital Markets ETF in the 4th quarter worth approximately $117,000. Advisory Services Network LLC bought a new position in shares of SPDR S&P Capital Markets ETF during the third quarter valued at $129,000. Kaizen Financial Strategies lifted its holdings in SPDR S&P Capital Markets ETF by 9.7% during the 1st quarter. Kaizen Financial Strategies now owns 1,690 shares of the company’s stock valued at $255,000 after purchasing an additional 150 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of SPDR S&P Capital Markets ETF in the third quarter valued at approximately $269,000.

About SPDR S&P Capital Markets ETF

(Get Free Report)

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).

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