SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Strong Trading Volume – Time to Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw unusually-strong trading volume on Friday. Approximately 1,122,032 shares were traded during trading, an increase of 627% from the previous session’s volume of 154,246 shares. The stock last traded at $107.7180 and had previously closed at $107.52.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

The company’s 50 day moving average price is $111.99 and its 200-day moving average price is $110.84. The stock has a market cap of $4.74 billion, a P/E ratio of 20.14 and a beta of 1.05.

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

A number of institutional investors have recently added to or reduced their stakes in SLYG. Everhart Financial Group Inc. boosted its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 5.4% in the 3rd quarter. Everhart Financial Group Inc. now owns 567,965 shares of the company’s stock worth $60,755,000 after buying an additional 29,206 shares during the last quarter. NorthRock Partners LLC lifted its holdings in SPDR S&P 600 Small Cap Growth ETF by 7.3% during the second quarter. NorthRock Partners LLC now owns 732,397 shares of the company’s stock worth $87,250,000 after acquiring an additional 50,101 shares during the period. Trilogy Capital Inc. boosted its position in SPDR S&P 600 Small Cap Growth ETF by 69.6% in the first quarter. Trilogy Capital Inc. now owns 17,416 shares of the company’s stock worth $1,683,000 after purchasing an additional 7,149 shares during the last quarter. MCF Advisors LLC grew its stake in SPDR S&P 600 Small Cap Growth ETF by 6,877.9% in the 2nd quarter. MCF Advisors LLC now owns 36,634 shares of the company’s stock valued at $4,364,000 after purchasing an additional 36,109 shares during the period. Finally, Tempo Wealth LLC bought a new position in SPDR S&P 600 Small Cap Growth ETF in the 4th quarter valued at $2,257,000.

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.