SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Hits New 12-Month Low – Time to Sell?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $78.55 and last traded at $79.14, with a volume of 189954 shares trading hands. The stock had previously closed at $84.49.

SPDR S&P 600 Small Cap Growth ETF Trading Down 6.9 %

The company’s 50-day simple moving average is $88.48 and its 200 day simple moving average is $91.96. The stock has a market cap of $3.14 billion, a P/E ratio of 18.98 and a beta of 1.14.

SPDR S&P 600 Small Cap Growth ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a $0.2156 dividend. The ex-dividend date was Monday, March 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in SPDR S&P 600 Small Cap Growth ETF by 299.6% during the third quarter. Jane Street Group LLC now owns 15,510 shares of the company’s stock valued at $1,444,000 after purchasing an additional 11,629 shares during the last quarter. FMR LLC lifted its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 24.5% during the 3rd quarter. FMR LLC now owns 11,084 shares of the company’s stock valued at $1,032,000 after buying an additional 2,181 shares in the last quarter. US Bancorp DE boosted its holdings in SPDR S&P 600 Small Cap Growth ETF by 7.3% in the 4th quarter. US Bancorp DE now owns 7,229 shares of the company’s stock worth $653,000 after buying an additional 493 shares during the period. JPMorgan Chase & Co. grew its stake in SPDR S&P 600 Small Cap Growth ETF by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,267 shares of the company’s stock valued at $2,446,000 after buying an additional 328 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the 3rd quarter valued at $1,392,000.

About SPDR S&P 600 Small Cap Growth ETF

SPDR S&P 600 Small Cap Growth ETF (the Fund), formerly SPDR Dow Jones Small Cap Growth ETF, seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The S&P SmallCap 600 Growth Index measures the performance of the small-capitalization growth sector in the United States equity market.