SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Hits New 12-Month Low – Here’s Why

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) hit a new 52-week low on Thursday . The stock traded as low as $39.40 and last traded at $39.52, with a volume of 621 shares trading hands. The stock had previously closed at $41.50.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The business has a fifty day moving average of $43.27 and a 200-day moving average of $45.19. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 15.77 and a beta of 1.15.

SPDR Portfolio S&P 600 Small Cap ETF Cuts Dividend

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 121,698 shares of the company’s stock valued at $5,467,000 after purchasing an additional 1,475 shares during the last quarter. Spinnaker Trust lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 7.1% during the fourth quarter. Spinnaker Trust now owns 834,656 shares of the company’s stock valued at $37,493,000 after buying an additional 55,249 shares in the last quarter. American Trust boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.5% in the third quarter. American Trust now owns 11,614 shares of the company’s stock worth $529,000 after buying an additional 390 shares during the period. Global Financial Private Client LLC increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 7.0% in the fourth quarter. Global Financial Private Client LLC now owns 18,879 shares of the company’s stock worth $848,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 71.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 17,454 shares of the company’s stock valued at $784,000 after acquiring an additional 7,264 shares during the period.

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.