SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sets New 1-Year High – Should You Buy?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $54.73 and last traded at $54.73, with a volume of 31085 shares changing hands. The stock had previously closed at $53.57.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The company has a 50-day moving average of $52.09 and a two-hundred day moving average of $49.94. The stock has a market capitalization of $15.75 billion, a PE ratio of 17.02 and a beta of 1.02.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Crestwood Advisors Group LLC lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.1% during the third quarter. Crestwood Advisors Group LLC now owns 1,666,835 shares of the company’s stock worth $77,207,000 after purchasing an additional 34,710 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 289.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 44,616 shares of the company’s stock valued at $2,091,000 after purchasing an additional 33,159 shares during the last quarter. South Shore Capital Advisors acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter valued at approximately $1,271,000. Montz Harcus Wealth Management LLC raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.7% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 236,303 shares of the company’s stock worth $11,073,000 after purchasing an additional 12,813 shares during the last quarter. Finally, Blueprint Financial Advisors LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 3rd quarter worth approximately $821,000.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

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.