SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Hits New 12-Month High – What’s Next?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSMGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $58.12 and last traded at $58.12, with a volume of 440937 shares traded. The stock had previously closed at $57.49.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The company’s 50-day moving average price is $55.92 and its 200 day moving average price is $52.50. The stock has a market capitalization of $17.55 billion, a P/E ratio of 17.02 and a beta of 1.01.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Buska Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the second quarter worth about $244,000. Taylor & Morgan Wealth Management LLC raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 5.9% during the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 301,836 shares of the company’s stock valued at $17,407,000 after purchasing an additional 16,759 shares during the period. Spinnaker Investment Group LLC purchased a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter worth approximately $539,000. Community Financial Services Group LLC purchased a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter worth approximately $25,000. Finally, Wealthcare Advisory Partners LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 1.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,776,135 shares of the company’s stock worth $102,430,000 after purchasing an additional 19,008 shares during the period.

About SPDR Portfolio S&P 600 Small Cap ETF

(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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