SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 52-Week High – Should You Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $100.05 and last traded at $100.4990, with a volume of 4521 shares trading hands. The stock had previously closed at $99.06.

SPDR S&P 600 Small Cap Growth ETF Stock Down 0.1%

The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 20.14 and a beta of 1.09. The business has a 50-day simple moving average of $95.55 and a two-hundred day simple moving average of $93.64.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SLYG. Bank of America Corp DE raised its position in SPDR S&P 600 Small Cap Growth ETF by 1.0% in the 3rd quarter. Bank of America Corp DE now owns 1,858,812 shares of the company’s stock worth $175,305,000 after purchasing an additional 19,194 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of SPDR S&P 600 Small Cap Growth ETF by 1.5% during the second quarter. Ameriprise Financial Inc. now owns 999,347 shares of the company’s stock worth $88,627,000 after acquiring an additional 14,832 shares during the last quarter. NorthRock Partners LLC lifted its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 4.7% during the second quarter. NorthRock Partners LLC now owns 669,084 shares of the company’s stock valued at $59,381,000 after acquiring an additional 29,961 shares during the period. Diversified Enterprises LLC boosted its holdings in SPDR S&P 600 Small Cap Growth ETF by 4.7% in the third quarter. Diversified Enterprises LLC now owns 499,189 shares of the company’s stock valued at $47,079,000 after acquiring an additional 22,204 shares during the last quarter. Finally, Rodgers & Associates LTD raised its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 1.9% during the third quarter. Rodgers & Associates LTD now owns 421,859 shares of the company’s stock worth $39,786,000 after buying an additional 7,961 shares during the last quarter.

SPDR S&P 600 Small Cap Growth ETF Company Profile

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. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.