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

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $119.84 and last traded at $119.80, with a volume of 189500 shares traded. The stock had previously closed at $117.32.

SPDR S&P 600 Small Cap Growth ETF Trading Up 1.9%

The stock’s 50-day simple moving average is $113.95 and its 200-day simple moving average is $106.06. The firm has a market capitalization of $5.26 billion, a P/E ratio of 20.14 and a beta of 1.04.

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

Several hedge funds have recently made changes to their positions in SLYG. Nvest Wealth Strategies Inc. increased its stake in SPDR S&P 600 Small Cap Growth ETF by 0.8% in the 2nd quarter. Nvest Wealth Strategies Inc. now owns 70,704 shares of the company’s stock worth $8,423,000 after acquiring an additional 541 shares during the last quarter. HRC Wealth Management LLC grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 3.6% during the second quarter. HRC Wealth Management LLC now owns 78,831 shares of the company’s stock worth $9,391,000 after purchasing an additional 2,711 shares in the last quarter. Orrstown Financial Services Inc. increased its position in shares of SPDR S&P 600 Small Cap Growth ETF by 36.9% in the second quarter. Orrstown Financial Services Inc. now owns 5,085 shares of the company’s stock worth $606,000 after purchasing an additional 1,370 shares during the last quarter. Friday Financial increased its position in shares of SPDR S&P 600 Small Cap Growth ETF by 25.3% in the second quarter. Friday Financial now owns 15,533 shares of the company’s stock worth $1,813,000 after purchasing an additional 3,139 shares during the last quarter. Finally, World Equity Group Inc. purchased a new stake in SPDR S&P 600 Small Cap Growth ETF in the second quarter valued at approximately $406,000.

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.