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

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $54.73 and last traded at $54.73, with a volume of 31085 shares. The stock had previously closed at $53.57.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The stock has a market capitalization of $15.67 billion, a P/E ratio of 17.02 and a beta of 1.02. The business has a 50 day simple moving average of $52.35 and a 200-day simple moving average of $50.07.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 155.9% in the 4th quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock worth $644,197,000 after purchasing an additional 8,375,030 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the second quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock worth $111,383,000 after buying an additional 1,470,388 shares in the last quarter. LPL Financial LLC grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% in the fourth quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock worth $1,264,764,000 after buying an additional 1,362,095 shares during the last quarter. Morningstar Investment Management LLC increased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 310.1% in the third quarter. Morningstar Investment Management LLC now owns 994,157 shares of the company’s stock valued at $46,049,000 after buying an additional 751,719 shares in the last quarter. Finally, Betterment LLC lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the 4th quarter. Betterment LLC now owns 18,757,519 shares of the company’s stock valued at $878,977,000 after acquiring an additional 614,934 shares during the last quarter.

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.