SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sets New 1-Year Low – Time to Sell?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) reached a new 52-week low on Wednesday . The company traded as low as $34.89 and last traded at $35.35, with a volume of 5550226 shares changing hands. The stock had previously closed at $36.43.

SPDR Portfolio S&P 600 Small Cap ETF Trading Down 3.0 %

The firm has a market cap of $9.45 billion, a P/E ratio of 15.77 and a beta of 1.15. The stock’s fifty day moving average is $42.64 and its two-hundred day moving average is $44.98.

SPDR Portfolio S&P 600 Small Cap ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a $0.1548 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Hedge Funds Weigh In On SPDR Portfolio S&P 600 Small Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Betterment LLC boosted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 4.5% during the 4th quarter. Betterment LLC now owns 16,163,720 shares of the company’s stock valued at $726,074,000 after acquiring an additional 692,852 shares during the last quarter. Ameriprise Financial Inc. lifted its position in SPDR Portfolio S&P 600 Small Cap ETF by 1.3% during the fourth quarter. Ameriprise Financial Inc. now owns 5,264,118 shares of the company’s stock valued at $236,452,000 after purchasing an additional 68,937 shares during the last quarter. Fund Evaluation Group LLC grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 5,688.7% in the 4th quarter. Fund Evaluation Group LLC now owns 2,571,285 shares of the company’s stock worth $115,502,000 after buying an additional 2,526,866 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 0.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,199,309 shares of the company’s stock worth $98,793,000 after buying an additional 15,871 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 21.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,565,420 shares of the company’s stock worth $70,319,000 after buying an additional 271,167 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.