SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Hits New 1-Year High – Here’s Why

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares hit a new 52-week high on Tuesday . The company traded as high as $58.12 and last traded at $58.12, with a volume of 440937 shares trading hands. The stock had previously closed at $57.49.

SPDR Portfolio S&P 600 Small Cap ETF Trading Up 1.6%

The stock has a market capitalization of $17.55 billion, a PE ratio of 17.02 and a beta of 1.01. The stock has a 50 day moving average price of $55.92 and a 200-day moving average price of $52.50.

Hedge Funds Weigh In On SPDR Portfolio S&P 600 Small Cap ETF

Several institutional investors have recently made changes to their positions in SPSM. Morgan Stanley grew its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 155.9% during the fourth quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock valued at $644,197,000 after purchasing an additional 8,375,030 shares during the period. Raymond James Financial Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock valued at $111,383,000 after buying an additional 1,470,388 shares in the last quarter. LPL Financial LLC lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.3% during the 4th quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock valued at $1,264,764,000 after buying an additional 1,362,095 shares in the last quarter. Morningstar Investment Management LLC grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 310.1% during the 3rd quarter. Morningstar Investment Management LLC now owns 994,157 shares of the company’s stock valued at $46,049,000 after acquiring an additional 751,719 shares during the period. Finally, Betterment LLC grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the 4th quarter. Betterment LLC now owns 18,757,519 shares of the company’s stock valued at $878,977,000 after acquiring an additional 614,934 shares during the period.

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.