SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Strong Trading Volume – Time to Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) shares saw strong trading volume on Monday . 3,376,805 shares were traded during trading, an increase of 1,416% from the previous session’s volume of 222,744 shares.The stock last traded at $100.2280 and had previously closed at $102.20.

SPDR S&P 600 Small Cap Growth ETF Price Performance

The company’s 50 day moving average is $99.00 and its 200 day moving average is $95.56. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 20.14 and a beta of 1.09.

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

Institutional investors have recently modified their holdings of the company. Freedom Investment Management Inc. grew its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 1.2% during the 4th quarter. Freedom Investment Management Inc. now owns 8,729 shares of the company’s stock worth $822,000 after acquiring an additional 103 shares in the last quarter. Walled Lake Planning & Wealth Management LLC boosted its holdings in SPDR S&P 600 Small Cap Growth ETF by 2.0% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 5,357 shares of the company’s stock worth $505,000 after purchasing an additional 103 shares during the last quarter. Smartleaf Asset Management LLC grew its position in SPDR S&P 600 Small Cap Growth ETF by 21.0% in the second quarter. Smartleaf Asset Management LLC now owns 635 shares of the company’s stock valued at $56,000 after purchasing an additional 110 shares in the last quarter. Blair William & Co. IL increased its stake in SPDR S&P 600 Small Cap Growth ETF by 2.5% in the 3rd quarter. Blair William & Co. IL now owns 4,486 shares of the company’s stock valued at $423,000 after buying an additional 111 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in SPDR S&P 600 Small Cap Growth ETF by 2.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,966 shares of the company’s stock valued at $374,000 after buying an additional 112 shares during the last quarter.

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. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.