SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $54.59 and traded as high as $55.23. SPDR Portfolio S&P 600 Small Cap ETF shares last traded at $55.20, with a volume of 1,102,005 shares traded.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The stock has a market capitalization of $16.04 billion, a PE ratio of 17.02 and a beta of 1.03. The stock’s 50 day simple moving average is $54.54 and its two-hundred day simple moving average is $53.33.

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

Several institutional investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the third quarter worth about $4,348,000. Ascent Group LLC increased its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 3.2% during the 3rd quarter. Ascent Group LLC now owns 16,155 shares of the company’s stock valued at $854,000 after purchasing an additional 499 shares during the period. Provenance Wealth Advisors LLC purchased a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 3rd quarter valued at about $32,000. RCW Management LLC raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.9% during the 3rd quarter. RCW Management LLC now owns 4,893 shares of the company’s stock valued at $259,000 after purchasing an additional 274 shares during the last quarter. Finally, One Day In July LLC raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 4.5% during the 3rd quarter. One Day In July LLC now owns 840,472 shares of the company’s stock valued at $44,427,000 after purchasing an additional 35,978 shares during 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.