SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sets New 52-Week High – Should You Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $114.60 and last traded at $114.35, with a volume of 12892 shares traded. The stock had previously closed at $113.83.

SPDR S&P 600 Small Cap Growth ETF Trading Up 1.2%

The business has a 50 day moving average of $108.56 and a 200-day moving average of $102.09. The stock has a market cap of $4.97 billion, a PE ratio of 20.14 and a beta of 1.06.

Institutional Trading of SPDR S&P 600 Small Cap Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 1.2% during the first quarter. Royal Bank of Canada now owns 34,447 shares of the company’s stock valued at $2,859,000 after buying an additional 395 shares during the period. AQR Capital Management LLC purchased a new stake in SPDR S&P 600 Small Cap Growth ETF in the 1st quarter worth approximately $203,000. Jane Street Group LLC purchased a new stake in SPDR S&P 600 Small Cap Growth ETF in the 1st quarter worth approximately $1,158,000. Quantinno Capital Management LP raised its holdings in SPDR S&P 600 Small Cap Growth ETF by 12.7% in the 2nd quarter. Quantinno Capital Management LP now owns 3,558 shares of the company’s stock valued at $316,000 after acquiring an additional 400 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 9.4% during the 2nd quarter. Raymond James Financial Inc. now owns 247,628 shares of the company’s stock worth $21,977,000 after purchasing an additional 21,187 shares during the period.

About SPDR S&P 600 Small Cap Growth ETF

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.