SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Reaches New 52-Week High – Here’s Why

by · The Cerbat Gem

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM – Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $50.87 and last traded at $50.6480, with a volume of 1964143 shares trading hands. The stock had previously closed at $49.42.

SPDR Portfolio S&P 600 Small Cap ETF Trading Up 2.5%

The stock has a market capitalization of $14.39 billion, a PE ratio of 17.02 and a beta of 1.08. The stock has a 50 day moving average price of $47.55 and a 200-day moving average price of $46.12.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tandem Investment Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.0% in the fourth quarter. Tandem Investment Partners LLC now owns 47,528 shares of the company’s stock worth $2,227,000 after buying an additional 920 shares during the last quarter. Capital Advisory Group Advisory Services LLC boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.7% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 26,864 shares of the company’s stock worth $1,259,000 after acquiring an additional 959 shares during the last quarter. Greenleaf Trust grew its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1,201.9% during the 4th quarter. Greenleaf Trust now owns 539,767 shares of the company’s stock valued at $25,293,000 after acquiring an additional 498,307 shares during the period. CCG Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter worth $209,000. Finally, South Shore Capital Advisors purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter worth $1,271,000.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

(Get Free Report)

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.

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