SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares saw unusually-strong trading volume on Wednesday . Approximately 1,948,334 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 1,651,076 shares.The stock last traded at $45.13 and had previously closed at $45.71.

SPDR Portfolio S&P 600 Small Cap ETF Trading Up 1.3 %

The stock has a market cap of $11.23 billion, a P/E ratio of 13.57 and a beta of 1.15. The firm’s fifty day moving average is $46.08 and its 200 day moving average is $45.61.

Institutional Trading of SPDR Portfolio S&P 600 Small Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPSM. Transcendent Capital Group LLC grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 48.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 1,458 shares of the company’s stock worth $66,000 after purchasing an additional 477 shares during the last quarter. Cyrus J. Lawrence LLC bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter valued at about $87,000. Wilson & Boucher Capital Management LLC acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the third quarter worth about $196,000. SVB Wealth LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter valued at about $222,000. Finally, Arlington Trust Co LLC acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 3rd quarter valued at approximately $231,000.

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.