SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Reaches New 12-Month High – Should You Buy?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSMGet Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $49.57 and last traded at $49.48, with a volume of 56210 shares traded. The stock had previously closed at $48.61.

SPDR Portfolio S&P 600 Small Cap ETF Trading Up 2.4 %

The business’s fifty day simple moving average is $45.78 and its 200 day simple moving average is $43.97. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 13.57 and a beta of 1.15.

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

A number of institutional investors have recently made changes to their positions in SPSM. Rothschild Investment LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF during the second quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC grew its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 31.3% during the second quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock valued at $62,000 after purchasing an additional 357 shares during the period. Clear Point Advisors Inc. bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the first quarter valued at approximately $65,000. Finally, Transcendent Capital Group LLC raised its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 48.6% in the third quarter. Transcendent Capital Group LLC now owns 1,458 shares of the company’s stock worth $66,000 after purchasing an additional 477 shares during the period.

About SPDR Portfolio S&P 600 Small Cap ETF

(Get Free Report)

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.

Further Reading

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