SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Hits New 12-Month High – Still a Buy?

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $94.53 and last traded at $94.51, with a volume of 47922 shares traded. The stock had previously closed at $93.80.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Stock Down 0.2%

The company has a market cap of $14.11 billion, a price-to-earnings ratio of 25.00 and a beta of 1.00. The firm has a 50-day simple moving average of $90.98 and a 200 day simple moving average of $86.91.

Hedge Funds Weigh In On SPDR Portfolio S&P 1500 Composite Stock Market ETF

A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. raised its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,411,187 shares of the ETF’s stock valued at $113,815,000 after purchasing an additional 36,760 shares during the last quarter. Wealthquest Corp grew its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 2.3% during the 1st quarter. Wealthquest Corp now owns 861,002 shares of the ETF’s stock worth $68,071,000 after purchasing an additional 19,637 shares during the last quarter. Weitzel Financial Services Inc. grew its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 1.1% during the 1st quarter. Weitzel Financial Services Inc. now owns 678,821 shares of the ETF’s stock worth $54,000,000 after purchasing an additional 7,707 shares during the last quarter. Winch Advisory Services LLC increased its stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 2.0% in the fourth quarter. Winch Advisory Services LLC now owns 596,924 shares of the ETF’s stock valued at $49,246,000 after purchasing an additional 11,505 shares during the period. Finally, GM Advisory Group LLC increased its stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 0.9% in the first quarter. GM Advisory Group LLC now owns 482,264 shares of the ETF’s stock valued at $38,128,000 after purchasing an additional 4,438 shares during the period.

About SPDR Portfolio S&P 1500 Composite Stock Market ETF

The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an exchange-traded fund that is based on the S&P Composite 1500 index, a market-cap-weighted index selected by the S&P Committee that covers the entire US market cap spectrum. SPTM was launched on Oct 4, 2000 and is managed by State Street.