SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 1-Year High – Still a Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $109.57 and last traded at $109.28, with a volume of 105458 shares changing hands. The stock had previously closed at $107.53.

SPDR S&P 600 Small Cap Growth ETF Stock Down 1.0%

The firm has a market capitalization of $4.70 billion, a P/E ratio of 20.14 and a beta of 1.07. The stock has a fifty day moving average of $101.02 and a 200-day moving average of $98.33.

Institutional Trading of SPDR S&P 600 Small Cap Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stonebridge Wealth Management LLC raised its holdings in SPDR S&P 600 Small Cap Growth ETF by 2.2% during the 1st quarter. Stonebridge Wealth Management LLC now owns 4,467 shares of the company’s stock worth $432,000 after purchasing an additional 95 shares during the last quarter. First City Capital Management Inc. raised its holdings in SPDR S&P 600 Small Cap Growth ETF by 1.8% during the 1st quarter. First City Capital Management Inc. now owns 5,523 shares of the company’s stock worth $534,000 after purchasing an additional 95 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in SPDR S&P 600 Small Cap Growth ETF by 1.2% during the 4th quarter. Freedom Investment Management Inc. now owns 8,729 shares of the company’s stock worth $822,000 after purchasing an additional 103 shares during the last quarter. Walled Lake Planning & Wealth Management LLC raised its holdings in SPDR S&P 600 Small Cap Growth ETF by 2.0% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 5,357 shares of the company’s stock worth $505,000 after purchasing an additional 103 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in 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 purchasing an additional 110 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.