SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Reaches New 1-Year High – Still a Buy?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $54.27 and last traded at $54.22, with a volume of 178728 shares trading hands. The stock had previously closed at $53.44.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The stock has a market cap of $15.65 billion, a PE ratio of 17.02 and a beta of 1.04. The business has a fifty day moving average of $51.23 and a 200 day moving average of $49.54.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Trust boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 1.3% in the fourth quarter. American Trust now owns 16,493 shares of the company’s stock valued at $773,000 after purchasing an additional 213 shares during the last quarter. First Trust Advisors LP boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 3.4% in the second quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock valued at $283,000 after purchasing an additional 220 shares during the last quarter. Wealthcare Capital Partners LLC boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 0.4% in the third quarter. Wealthcare Capital Partners LLC now owns 58,086 shares of the company’s stock valued at $2,691,000 after purchasing an additional 224 shares during the last quarter. Retirement Planning Group LLC boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 2.8% in the first quarter. Retirement Planning Group LLC now owns 8,346 shares of the company’s stock valued at $403,000 after purchasing an additional 230 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 2.2% in the fourth quarter. Stephens Inc. AR now owns 11,196 shares of the company’s stock valued at $525,000 after purchasing an additional 238 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.