SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Hits New 52-Week High – Here’s What Happened

Shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) reached a new 52-week high on Wednesday . The company traded as high as $72.12 and last traded at $72.12, with a volume of 21580 shares trading hands. The stock had previously closed at $70.47.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Stock Performance

The stock has a market cap of $9.32 billion, a P/E ratio of 25.24 and a beta of 1.00. The company has a 50-day simple moving average of $69.50 and a 200-day simple moving average of $67.00.

Institutional Investors Weigh In On SPDR Portfolio S&P 1500 Composite Stock Market ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. bought a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 2nd quarter worth $33,000. Partnership Wealth Management LLC boosted its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 6.6% in the third quarter. Partnership Wealth Management LLC now owns 4,856 shares of the company’s stock valued at $340,000 after acquiring an additional 300 shares during the period. Comerica Bank grew its stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 47.2% in the first quarter. Comerica Bank now owns 6,916 shares of the company’s stock valued at $444,000 after acquiring an additional 2,219 shares in the last quarter. TIAA Trust National Association increased its holdings in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 67.0% during the second quarter. TIAA Trust National Association now owns 7,208 shares of the company’s stock worth $478,000 after purchasing an additional 2,893 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 3rd quarter valued at $568,000.

About SPDR Portfolio S&P 1500 Composite Stock Market ETF

The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an exchange-traded fund that is based on the S&P Composite 1500 index, a market-cap-weighted index selected by the S&P Committee that covers the entire US market cap spectrum. SPTM was launched on Oct 4, 2000 and is managed by State Street.