SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Large Volume Increase – Here’s What Happened

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares saw unusually-strong trading volume on Friday . Approximately 3,784,767 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 1,767,517 shares.The stock last traded at $40.62 and had previously closed at $39.67.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The firm has a fifty day moving average of $39.53 and a 200-day moving average of $43.89. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 16.31 and a beta of 1.08.

Hedge Funds Weigh In On SPDR Portfolio S&P 600 Small Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SPSM. Bank of New York Mellon Corp lifted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 121,698 shares of the company’s stock worth $5,467,000 after buying an additional 1,475 shares during the last quarter. Spinnaker Trust boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 7.1% in the fourth quarter. Spinnaker Trust now owns 834,656 shares of the company’s stock worth $37,493,000 after purchasing an additional 55,249 shares during the period. Fund Evaluation Group LLC increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 5,688.7% during the fourth 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. Fifth Third Wealth Advisors LLC increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 71.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 17,454 shares of the company’s stock valued at $784,000 after purchasing an additional 7,264 shares during the last quarter. Finally, Global Financial Private Client LLC raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 7.0% during the fourth quarter. Global Financial Private Client LLC now owns 18,879 shares of the company’s stock worth $848,000 after purchasing an additional 1,235 shares during the period.

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.