SPDR S&P Capital Markets ETF (NYSEARCA:KCE) Hits New 52-Week High – Time to Buy?

SPDR S&P Capital Markets ETF (NYSEARCA:KCE)’s stock price hit a new 52-week high on Thursday . The company traded as high as $158.80 and last traded at $159.62, with a volume of 154 shares traded. The stock had previously closed at $158.17.

SPDR S&P Capital Markets ETF Stock Up 0.3%

The firm has a market cap of $560.34 million, a price-to-earnings ratio of 21.50 and a beta of 1.26. The stock’s 50 day moving average is $149.94 and its 200 day moving average is $151.26.

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

Large investors have recently modified their holdings of the stock. Annex Advisory Services LLC bought a new position in shares of SPDR S&P Capital Markets ETF during the 3rd quarter worth approximately $42,578,000. Presper Financial Architects LLC bought a new position in shares of SPDR S&P Capital Markets ETF during the third quarter valued at $21,069,000. Thrivent Financial for Lutherans acquired a new stake in shares of SPDR S&P Capital Markets ETF in the 2nd quarter valued at $14,351,000. Bank of America Corp DE grew its holdings in shares of SPDR S&P Capital Markets ETF by 15.2% in the 3rd quarter. Bank of America Corp DE now owns 696,270 shares of the company’s stock worth $106,425,000 after purchasing an additional 91,907 shares during the last quarter. Finally, Grimes & Company Inc. bought a new stake in shares of SPDR S&P Capital Markets ETF in the 2nd quarter worth about $7,794,000.

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).