SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sets New 12-Month High – Time to Buy?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) reached a new 52-week high on Thursday . The company traded as high as $56.82 and last traded at $56.58, with a volume of 154601 shares. The stock had previously closed at $56.14.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The firm’s 50-day moving average price is $53.70 and its two-hundred day moving average price is $50.77. The firm has a market cap of $16.43 billion, a PE ratio of 17.02 and a beta of 1.02.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Lisle Cummings Inc. acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF in the first quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at about $27,000. Private Wealth Management Group LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 1st quarter valued at about $29,000. Strive Financial Group LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at about $28,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at about $33,000.

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.