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

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $58.12 and last traded at $58.12, with a volume of 440937 shares. The stock had previously closed at $57.49.

SPDR Portfolio S&P 600 Small Cap ETF Trading Down 0.3%

The stock has a 50 day simple moving average of $56.08 and a 200-day simple moving average of $52.61. The firm has a market cap of $17.35 billion, a PE ratio of 17.02 and a beta of 1.02.

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

Institutional investors have recently made changes to their positions in the business. First Trust Advisors LP raised its position in shares of 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 buying an additional 220 shares during the last quarter. Cerity Partners LLC boosted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 19.3% during the second quarter. Cerity Partners LLC now owns 118,719 shares of the company’s stock worth $5,057,000 after acquiring an additional 19,182 shares during the last quarter. NewEdge Advisors LLC grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 25.2% during the second quarter. NewEdge Advisors LLC now owns 172,246 shares of the company’s stock valued at $7,338,000 after acquiring an additional 34,642 shares in the last quarter. Glenview Trust co grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 13.7% during the second quarter. Glenview Trust co now owns 5,705 shares of the company’s stock valued at $243,000 after acquiring an additional 688 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 128.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock valued at $111,383,000 after acquiring an additional 1,470,388 shares during the last quarter.

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.