SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Hits New 52-Week High – Time to Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $110.98 and last traded at $110.64, with a volume of 9835 shares trading hands. The stock had previously closed at $108.50.

SPDR S&P 600 Small Cap Growth ETF Stock Up 0.1%

The stock has a 50-day simple moving average of $105.44 and a 200 day simple moving average of $100.61. The company has a market cap of $4.69 billion, a PE ratio of 20.14 and a beta of 1.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in SPDR S&P 600 Small Cap Growth ETF by 1.2% in the 1st quarter. Royal Bank of Canada now owns 34,447 shares of the company’s stock valued at $2,859,000 after buying an additional 395 shares during the period. AQR Capital Management LLC purchased a new position in SPDR S&P 600 Small Cap Growth ETF in the 1st quarter valued at approximately $203,000. Jane Street Group LLC purchased a new position in SPDR S&P 600 Small Cap Growth ETF in the 1st quarter valued at approximately $1,158,000. Quantinno Capital Management LP boosted its position in SPDR S&P 600 Small Cap Growth ETF by 12.7% in the 2nd quarter. Quantinno Capital Management LP now owns 3,558 shares of the company’s stock valued at $316,000 after buying an additional 400 shares during the period. Finally, Raymond James Financial Inc. boosted its position in SPDR S&P 600 Small Cap Growth ETF by 9.4% in the 2nd quarter. Raymond James Financial Inc. now owns 247,628 shares of the company’s stock valued at $21,977,000 after buying an additional 21,187 shares during the period.

About SPDR S&P 600 Small Cap Growth ETF

SPDR S&P 600 Small Cap Growth ETF (the Fund), formerly SPDR Dow Jones Small Cap Growth ETF, seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The S&P SmallCap 600 Growth Index measures the performance of the small-capitalization growth sector in the United States equity market. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.