SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Large Volume Increase – Still a Buy?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) saw an uptick in trading volume on Friday . 3,784,767 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 1,767,517 shares.The stock last traded at $40.62 and had previously closed at $39.67.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 16.31 and a beta of 1.08. The stock has a 50-day moving average of $39.53 and a 200-day moving average of $43.89.

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

Large investors have recently made changes to their positions in the company. Copia Wealth Management bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter worth approximately $27,000. Centennial Bank AR grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 158.1% in the first quarter. Centennial Bank AR now owns 973 shares of the company’s stock worth $40,000 after purchasing an additional 596 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 14,066.7% during the first quarter. Hexagon Capital Partners LLC now owns 1,275 shares of the company’s stock valued at $52,000 after purchasing an additional 1,266 shares during the period. Parallel Advisors LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2,931.1% during the first quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $56,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $66,000.

About SPDR Portfolio S&P 600 Small Cap ETF

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.