SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Hits New 52-Week High – Time to Buy?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) reached a new 52-week high during trading on Thursday . The stock traded as high as $52.04 and last traded at $51.36, with a volume of 1897074 shares. The stock had previously closed at $51.48.

SPDR Portfolio S&P 600 Small Cap ETF Trading Down 0.2%

The business’s fifty day moving average price is $48.96 and its two-hundred day moving average price is $46.84. The firm has a market cap of $14.63 billion, a P/E ratio of 17.02 and a beta of 1.08.

Institutional Trading of SPDR Portfolio S&P 600 Small Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 0.3% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 81,253 shares of the company’s stock valued at $3,764,000 after acquiring an additional 219 shares in the last quarter. First Trust Advisors LP grew its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the second quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock valued at $283,000 after purchasing an additional 220 shares during the last quarter. Wealthcare Capital Partners LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 0.4% in the third quarter. Wealthcare Capital Partners LLC now owns 58,086 shares of the company’s stock valued at $2,691,000 after purchasing an additional 224 shares during the period. Stephens Inc. AR lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.2% in the fourth quarter. Stephens Inc. AR now owns 11,196 shares of the company’s stock worth $525,000 after buying an additional 238 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 0.6% during the 3rd quarter. Perigon Wealth Management LLC now owns 42,094 shares of the company’s stock worth $1,950,000 after buying an additional 244 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.