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 share price reached a new 52-week high during trading on Wednesday . The company traded as high as $57.77 and last traded at $57.67, with a volume of 2244183 shares traded. The stock had previously closed at $57.28.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 0.7%

The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 17.02 and a beta of 1.01. The company’s fifty day simple moving average is $54.32 and its 200 day simple moving average is $51.17.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Concurrent Investment Advisors LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 289.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 44,616 shares of the company’s stock worth $2,091,000 after purchasing an additional 33,159 shares during the period. Montz Harcus Wealth Management LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.7% during the fourth quarter. Montz Harcus Wealth Management LLC now owns 236,303 shares of the company’s stock valued at $11,073,000 after buying an additional 12,813 shares during the last quarter. South Shore Capital Advisors bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter valued at approximately $1,271,000. Patriot Investment Management Group Inc. lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.7% in the fourth quarter. Patriot Investment Management Group Inc. now owns 790,099 shares of the company’s stock worth $37,024,000 after buying an additional 20,560 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 4.4% in the fourth quarter. Fifth Third Bancorp now owns 333,329 shares of the company’s stock worth $15,620,000 after buying an additional 14,066 shares in the last quarter.

About SPDR Portfolio S&P 600 Small Cap ETF

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.