SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Hits New 1-Year High – What’s Next?
by Tristan Rich · The Markets DailySPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $110.98 and last traded at $110.64, with a volume of 9835 shares trading hands. The stock had previously closed at $108.50.
SPDR S&P 600 Small Cap Growth ETF Stock Up 0.1%
The firm has a 50 day simple moving average of $105.44 and a 200-day simple moving average of $100.61. The company has a market cap of $4.69 billion, a PE ratio of 20.14 and a beta of 1.06.
Hedge Funds Weigh In On SPDR S&P 600 Small Cap Growth ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in SPDR S&P 600 Small Cap Growth ETF by 1.2% in the first quarter. Royal Bank of Canada now owns 34,447 shares of the company’s stock valued at $2,859,000 after buying an additional 395 shares in the last quarter. AQR Capital Management LLC purchased a new position in SPDR S&P 600 Small Cap Growth ETF during the first quarter worth approximately $203,000. Jane Street Group LLC purchased a new position in SPDR S&P 600 Small Cap Growth ETF during the first quarter worth approximately $1,158,000. Quantinno Capital Management LP lifted its position in SPDR S&P 600 Small Cap Growth ETF by 12.7% during the second quarter. Quantinno Capital Management LP now owns 3,558 shares of the company’s stock worth $316,000 after buying an additional 400 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in SPDR S&P 600 Small Cap Growth ETF by 9.4% during the second quarter. Raymond James Financial Inc. now owns 247,628 shares of the company’s stock worth $21,977,000 after buying an additional 21,187 shares in the last quarter.
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.