Miracle Mile Advisors LLC Lowers Stock Position in SPDR S&P Capital Markets ETF (NYSEARCA:KCE)

Miracle Mile Advisors LLC reduced its position in shares of SPDR S&P Capital Markets ETF (NYSEARCA:KCE) by 96.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,096 shares of the company’s stock after selling 54,341 shares during the period. Miracle Mile Advisors LLC owned 0.06% of SPDR S&P Capital Markets ETF worth $264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KCE. Accel Wealth Management increased its stake in SPDR S&P Capital Markets ETF by 9.7% in the 1st quarter. Accel Wealth Management now owns 12,094 shares of the company’s stock valued at $1,526,000 after buying an additional 1,069 shares during the last quarter. HBW Advisory Services LLC bought a new position in shares of SPDR S&P Capital Markets ETF in the first quarter valued at approximately $411,000. Merit Financial Group LLC increased its position in shares of SPDR S&P Capital Markets ETF by 10.8% during the first quarter. Merit Financial Group LLC now owns 45,335 shares of the company’s stock valued at $5,720,000 after acquiring an additional 4,426 shares during the last quarter. Fulcrum Equity Management purchased a new stake in shares of SPDR S&P Capital Markets ETF during the fourth quarter valued at approximately $821,000. Finally, Delta Investment Management LLC lifted its holdings in SPDR S&P Capital Markets ETF by 21.6% during the fourth quarter. Delta Investment Management LLC now owns 2,473 shares of the company’s stock worth $340,000 after acquiring an additional 440 shares during the period.

SPDR S&P Capital Markets ETF Price Performance

Shares of NYSEARCA:KCE opened at $137.58 on Thursday. SPDR S&P Capital Markets ETF has a 1 year low of $104.46 and a 1 year high of $149.66. The company has a market capitalization of $485.66 million, a PE ratio of 19.98 and a beta of 1.24. The business has a fifty day moving average price of $127.80 and a two-hundred day moving average price of $134.58.

SPDR S&P Capital Markets ETF 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.