SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Unusually-High Trading Volume – Should You Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw an uptick in trading volume on Wednesday . 124,455 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 115,464 shares.The stock last traded at $92.37 and had previously closed at $90.89.

SPDR S&P 600 Small Cap Growth ETF Trading Up 0.4 %

The firm has a market capitalization of $3.43 billion, a PE ratio of 14.89 and a beta of 1.12. The firm’s fifty day moving average price is $94.95 and its 200 day moving average price is $92.21.

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

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 142,281 shares of the company’s stock valued at $12,216,000 after buying an additional 4,146 shares during the period. Renaissance Technologies LLC lifted its holdings in SPDR S&P 600 Small Cap Growth ETF by 22.6% in the second quarter. Renaissance Technologies LLC now owns 9,600 shares of the company’s stock valued at $824,000 after acquiring an additional 1,772 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in SPDR S&P 600 Small Cap Growth ETF by 7.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 24,172 shares of the company’s stock valued at $2,075,000 after acquiring an additional 1,631 shares during the period. Blair William & Co. IL boosted its position in SPDR S&P 600 Small Cap Growth ETF by 20.4% in the 2nd quarter. Blair William & Co. IL now owns 2,855 shares of the company’s stock worth $245,000 after purchasing an additional 484 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc grew its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 41.0% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 1,410 shares of the company’s stock worth $121,000 after purchasing an additional 410 shares during the period.

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.