SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 52-Week High – Should You Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $110.98 and last traded at $110.64, with a volume of 9835 shares. The stock had previously closed at $108.50.

SPDR S&P 600 Small Cap Growth ETF Stock Down 0.8%

The business has a 50-day simple moving average of $106.05 and a two-hundred day simple moving average of $100.88. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 20.14 and a beta of 1.06.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FAS Wealth Partners Inc. lifted its position in shares of SPDR S&P 600 Small Cap Growth ETF by 3.6% in the first quarter. FAS Wealth Partners Inc. now owns 342,972 shares of the company’s stock worth $33,138,000 after buying an additional 12,017 shares during the last quarter. Robinswood Financial LLC acquired a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the first quarter worth about $40,000. Glenmede Trust Co. NA boosted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 20.3% during the 1st quarter. Glenmede Trust Co. NA now owns 1,868 shares of the company’s stock worth $180,000 after buying an additional 315 shares during the period. Verus Capital Partners LLC bought a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the 1st quarter worth $242,000. Finally, Western Wealth Management LLC boosted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 5.2% during the 1st quarter. Western Wealth Management LLC now owns 21,645 shares of the company’s stock worth $2,091,000 after buying an additional 1,074 shares during the period.

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.