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

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) reached a new 52-week high on Tuesday . The company traded as high as $53.65 and last traded at $53.56, with a volume of 346748 shares. The stock had previously closed at $52.97.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 17.02 and a beta of 1.04. The business has a fifty day moving average of $50.21 and a two-hundred day moving average of $48.87.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. American Financial Advisors LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 383.4% in the 3rd quarter. American Financial Advisors LLC now owns 39,734 shares of the company’s stock valued at $1,840,000 after purchasing an additional 31,514 shares during the period. Alesco Advisors LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 177.8% in the 3rd quarter. Alesco Advisors LLC now owns 54,484 shares of the company’s stock valued at $2,524,000 after purchasing an additional 34,874 shares during the period. Crestwood Advisors Group LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 2.1% in the 3rd quarter. Crestwood Advisors Group LLC now owns 1,666,835 shares of the company’s stock valued at $77,207,000 after purchasing an additional 34,710 shares during the period. Parkside Financial Bank & Trust boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 6.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 232,924 shares of the company’s stock valued at $10,789,000 after purchasing an additional 14,683 shares during the period. Finally, Evermay Wealth Management LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 3.7% in the 4th quarter. Evermay Wealth Management LLC now owns 306,200 shares of the company’s stock valued at $14,349,000 after purchasing an additional 11,062 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.