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

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $49.57 and last traded at $49.48, with a volume of 56210 shares. The stock had previously closed at $48.61.

SPDR Portfolio S&P 600 Small Cap ETF Trading Down 0.9 %

The business has a 50-day moving average price of $45.96 and a 200 day moving average price of $44.06. The stock has a market capitalization of $12.06 billion, a P/E ratio of 13.57 and a beta of 1.15.

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

Several institutional investors have recently bought and sold shares of SPSM. Crestwood Advisors Group LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1.7% during the 3rd quarter. Crestwood Advisors Group LLC now owns 2,183,438 shares of the company’s stock valued at $99,367,000 after buying an additional 37,396 shares in the last quarter. Spinnaker Trust increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 10.2% during the third quarter. Spinnaker Trust now owns 779,407 shares of the company’s stock worth $35,471,000 after acquiring an additional 72,246 shares during the last quarter. 49 Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the third quarter valued at approximately $32,132,000. Avior Wealth Management LLC lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.5% in the 3rd quarter. Avior Wealth Management LLC now owns 467,400 shares of the company’s stock valued at $21,271,000 after purchasing an additional 15,882 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 453,885 shares of the company’s stock worth $18,850,000 after purchasing an additional 12,869 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.