SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sets New 1-Year Low – Time to Sell?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $39.40 and last traded at $39.52, with a volume of 621 shares changing hands. The stock had previously closed at $41.50.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The firm has a market cap of $10.38 billion, a P/E ratio of 15.77 and a beta of 1.15. The firm has a 50 day simple moving average of $43.63 and a 200 day simple moving average of $45.29.

SPDR Portfolio S&P 600 Small Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a $0.1548 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Betterment LLC grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 4.5% in the fourth quarter. Betterment LLC now owns 16,163,720 shares of the company’s stock worth $726,074,000 after acquiring an additional 692,852 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1.3% in the 4th quarter. Ameriprise Financial Inc. now owns 5,264,118 shares of the company’s stock worth $236,452,000 after purchasing an additional 68,937 shares in the last quarter. Fund Evaluation Group LLC increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5,688.7% during the 4th quarter. Fund Evaluation Group LLC now owns 2,571,285 shares of the company’s stock valued at $115,502,000 after purchasing an additional 2,526,866 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 0.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,199,309 shares of the company’s stock valued at $98,793,000 after buying an additional 15,871 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in SPDR Portfolio S&P 600 Small Cap ETF by 21.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,565,420 shares of the company’s stock worth $70,319,000 after buying an additional 271,167 shares during the last quarter.

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.