SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Hits New 52-Week High – What’s Next?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.41 and last traded at $52.25, with a volume of 155871 shares traded. The stock had previously closed at $51.62.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The firm has a 50 day simple moving average of $49.71 and a 200-day simple moving average of $48.27. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley increased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 155.9% during the 4th quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock worth $644,197,000 after buying an additional 8,375,030 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the 2nd 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 during the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 3rd quarter worth $65,460,000. LPL Financial LLC increased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.3% during the 4th 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. Finally, Morningstar Investment Management LLC increased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 310.1% during the 3rd quarter. Morningstar Investment Management LLC now owns 994,157 shares of the company’s stock worth $46,049,000 after buying an additional 751,719 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.