SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sets New 12-Month High – Here’s Why

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYGGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $114.60 and last traded at $114.35, with a volume of 12892 shares changing hands. The stock had previously closed at $113.83.

SPDR S&P 600 Small Cap Growth ETF Stock Up 1.2%

The company has a 50 day moving average of $108.56 and a 200 day moving average of $102.09. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 20.14 and a beta of 1.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 5.2% during the 1st quarter. Western Wealth Management LLC now owns 21,645 shares of the company’s stock worth $2,091,000 after acquiring an additional 1,074 shares during the period. Empowered Funds LLC grew its holdings in SPDR S&P 600 Small Cap Growth ETF by 2,790.2% in the first quarter. Empowered Funds LLC now owns 2,370 shares of the company’s stock valued at $229,000 after purchasing an additional 2,288 shares during the period. FAS Wealth Partners Inc. grew its holdings in SPDR S&P 600 Small Cap Growth ETF by 3.6% in the first quarter. FAS Wealth Partners Inc. now owns 342,972 shares of the company’s stock valued at $33,138,000 after purchasing an additional 12,017 shares during the period. Robinswood Financial LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF during the first quarter worth approximately $40,000. Finally, Glenmede Trust Co. NA increased its position in SPDR S&P 600 Small Cap Growth ETF by 20.3% during the first quarter. Glenmede Trust Co. NA now owns 1,868 shares of the company’s stock worth $180,000 after purchasing an additional 315 shares during the last quarter.

About SPDR S&P 600 Small Cap Growth ETF

(Get Free Report)

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.

Further Reading

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