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

SPDR S&P Capital Markets ETF (NYSEARCA:KCE) fell 1.5% during mid-day trading on Wednesday . The stock traded as low as $165.85 and last traded at $165.85. Approximately 22,783 shares were traded 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 Performance

The company has a market capitalization of $465.35 million, a PE ratio of 21.50 and a beta of 1.22. The company’s fifty day moving average is $163.46 and its 200-day moving average is $152.87.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Accel Wealth Management grew its holdings in SPDR S&P Capital Markets ETF by 7.9% during the 2nd quarter. Accel Wealth Management now owns 27,798 shares of the company’s stock valued at $4,093,000 after buying an additional 2,035 shares in the last quarter. Royal Bank of Canada increased its position in SPDR S&P Capital Markets ETF by 34.0% during 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 last quarter. IMC Chicago LLC bought a new position in SPDR S&P Capital Markets ETF during the 1st quarter valued at about $1,153,000. 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 worth $255,000 after buying an additional 150 shares during the period. Finally, TigerOak Management L.L.C. increased its stake in SPDR S&P Capital Markets ETF by 0.9% in the first quarter. TigerOak Management L.L.C. now owns 28,405 shares of the company’s stock worth $3,909,000 after purchasing 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).