SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sets New 1-Year High – Time to Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s share price hit a new 52-week high on Thursday . The stock traded as high as $100.05 and last traded at $100.4990, with a volume of 4521 shares. The stock had previously closed at $99.06.

SPDR S&P 600 Small Cap Growth ETF Price Performance

The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 20.14 and a beta of 1.09. The firm has a fifty day moving average of $95.23 and a 200 day moving average of $93.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SLYG. Elevation Point Wealth Partners LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the second quarter valued at about $30,000. IFP Advisors Inc boosted its holdings in SPDR S&P 600 Small Cap Growth ETF by 74.6% in the 3rd quarter. IFP Advisors Inc now owns 316 shares of the company’s stock valued at $30,000 after purchasing an additional 135 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter valued at approximately $48,000. Smartleaf Asset Management LLC increased its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 21.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 635 shares of the company’s stock worth $56,000 after buying an additional 110 shares during the last quarter. Finally, Ameriflex Group Inc. increased its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 285.6% during the 2nd quarter. Ameriflex Group Inc. now owns 748 shares of the company’s stock worth $66,000 after buying an additional 554 shares during the last quarter.

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.