Merit Financial Group LLC Makes New Investment in SPDR S&P Capital Markets ETF (NYSEARCA:KCE)

Merit Financial Group LLC bought a new stake in shares of SPDR S&P Capital Markets ETF (NYSEARCA:KCE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,909 shares of the company’s stock, valued at approximately $5,633,000. Merit Financial Group LLC owned approximately 2.05% of SPDR S&P Capital Markets ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KCE. Global Financial Private Client LLC raised its stake in shares of SPDR S&P Capital Markets ETF by 8.9% during the 4th quarter. Global Financial Private Client LLC now owns 8,370 shares of the company’s stock worth $1,153,000 after acquiring an additional 687 shares in the last quarter. Courier Capital LLC acquired a new position in SPDR S&P Capital Markets ETF during the 4th quarter valued at about $234,000. Miracle Mile Advisors LLC purchased a new stake in SPDR S&P Capital Markets ETF in the fourth quarter valued at about $7,771,000. Westwind Capital acquired a new stake in SPDR S&P Capital Markets ETF in the fourth quarter worth about $2,260,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of SPDR S&P Capital Markets ETF during the third quarter worth about $219,000.

SPDR S&P Capital Markets ETF Stock Up 0.9 %

KCE stock opened at $141.36 on Friday. SPDR S&P Capital Markets ETF has a 52 week low of $97.76 and a 52 week high of $149.66. The stock has a market capitalization of $282.72 million, a PE ratio of 21.69 and a beta of 1.09. The firm has a 50 day moving average of $142.01 and a 200 day moving average of $129.36.

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.