Fortis Group Advisors LLC Acquires New Position in SPDR S&P Capital Markets ETF (NYSEARCA:KCE)

Fortis Group Advisors LLC bought a new position in SPDR S&P Capital Markets ETF (NYSEARCA:KCE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,524 shares of the company’s stock, valued at approximately $2,000,000. Fortis Group Advisors LLC owned approximately 0.73% of SPDR S&P Capital Markets ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in shares of SPDR S&P Capital Markets ETF by 33.7% during the third quarter. Raymond James & Associates now owns 21,625 shares of the company’s stock worth $2,701,000 after acquiring an additional 5,451 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in SPDR S&P Capital Markets ETF in the 3rd quarter worth about $50,000. Blackston Financial Advisory Group LLC purchased a new stake in shares of SPDR S&P Capital Markets ETF during the 3rd quarter worth about $277,000. Masso Torrence Wealth Management Inc. acquired a new stake in shares of SPDR S&P Capital Markets ETF during the 3rd quarter valued at about $2,212,000. Finally, Arkadios Wealth Advisors grew its stake in shares of SPDR S&P Capital Markets ETF by 6.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,346 shares of the company’s stock valued at $543,000 after buying an additional 271 shares in the last quarter.

SPDR S&P Capital Markets ETF Stock Performance

Shares of KCE opened at $143.44 on Tuesday. The firm has a market cap of $286.88 million, a PE ratio of 21.69 and a beta of 1.09. The firm’s 50 day moving average price is $141.38 and its 200 day moving average price is $133.40. SPDR S&P Capital Markets ETF has a twelve month low of $102.56 and a twelve month high of $149.66.

About SPDR S&P Capital Markets ETF

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.