SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 12-Month High – Still a Buy?

Shares of SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $118.00 and last traded at $117.95, with a volume of 155144 shares changing hands. The stock had previously closed at $117.62.

SPDR S&P 600 Small Cap Growth ETF Price Performance

The stock’s fifty day simple moving average is $110.06 and its two-hundred day simple moving average is $102.98. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 20.14 and a beta of 1.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Stone House Investment Management LLC acquired a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the 4th quarter worth approximately $26,000. Optima Capital LLC acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF during the fourth quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF during the fourth quarter valued at approximately $28,000. Monetary Solutions Ltd bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth approximately $29,000. Finally, Laurel Wealth Advisors LLC bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth approximately $30,000.

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.