SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 52-Week High – What’s Next?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s share price reached a new 52-week high on Monday . The stock traded as high as $102.86 and last traded at $102.7750, with a volume of 34156 shares changing hands. The stock had previously closed at $102.19.

SPDR S&P 600 Small Cap Growth ETF Price Performance

The company has a 50 day simple moving average of $97.84 and a 200-day simple moving average of $94.70. The stock has a market cap of $3.86 billion, a P/E ratio of 20.14 and a beta of 1.09.

Institutional Investors Weigh In On SPDR S&P 600 Small Cap Growth ETF

Large investors have recently added to or reduced their stakes in the company. Key Financial Inc raised its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 1.1% during the fourth quarter. Key Financial Inc now owns 83,075 shares of the company’s stock valued at $7,825,000 after acquiring an additional 869 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in SPDR S&P 600 Small Cap Growth ETF by 5.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 7,902 shares of the company’s stock worth $744,000 after purchasing an additional 392 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the 4th quarter worth about $1,258,000. Harbour Investments Inc. boosted its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 1.4% during the 4th quarter. Harbour Investments Inc. now owns 33,009 shares of the company’s stock valued at $3,109,000 after purchasing an additional 451 shares in the last quarter. Finally, Diversified Investment Strategies LLC increased its position in shares of SPDR S&P 600 Small Cap Growth ETF by 15.1% during the fourth quarter. Diversified Investment Strategies LLC now owns 6,637 shares of the company’s stock valued at $625,000 after buying an additional 873 shares during the period.

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. 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.