SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Reaches New 52-Week High – Here’s Why

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $54.27 and last traded at $54.22, with a volume of 178728 shares traded. The stock had previously closed at $53.44.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 17.02 and a beta of 1.04. The firm’s 50 day moving average price is $50.97 and its two-hundred day moving average price is $49.42.

Institutional Investors Weigh In On SPDR Portfolio S&P 600 Small Cap ETF

Several hedge funds have recently made changes to their positions in the business. American Trust boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1.3% during the fourth quarter. American Trust now owns 16,493 shares of the company’s stock worth $773,000 after buying an additional 213 shares during the period. First Trust Advisors LP boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the second quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock worth $283,000 after buying an additional 220 shares during the period. Wealthcare Capital Partners LLC boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 0.4% during the third quarter. Wealthcare Capital Partners LLC now owns 58,086 shares of the company’s stock worth $2,691,000 after buying an additional 224 shares during the period. Retirement Planning Group LLC boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.8% during the first quarter. Retirement Planning Group LLC now owns 8,346 shares of the company’s stock worth $403,000 after buying an additional 230 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.2% during the fourth quarter. Stephens Inc. AR now owns 11,196 shares of the company’s stock worth $525,000 after buying an additional 238 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

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.