SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 12-Month High – Still a Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) shares hit a new 52-week high on Tuesday . The company traded as high as $110.05 and last traded at $110.04, with a volume of 115077 shares changing hands. The stock had previously closed at $108.09.

SPDR S&P 600 Small Cap Growth ETF Price Performance

The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 20.14 and a beta of 1.07. The firm’s fifty day moving average is $102.82 and its 200 day moving average is $99.42.

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

A number of institutional investors have recently modified their holdings of SLYG. Stone House Investment Management LLC purchased a new position in shares of SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at $26,000. Optima Capital LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter valued at $28,000. Monetary Solutions Ltd acquired a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter valued at $29,000. Finally, Franklin Resources Inc. purchased a new position in SPDR S&P 600 Small Cap Growth ETF in the fourth quarter valued at about $30,000.

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.