SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Large Volume Increase – Time to Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) shares saw strong trading volume on Friday. Approximately 1,122,032 shares changed hands during trading, an increase of 627% from the previous session’s volume of 154,246 shares. The stock last traded at $107.7180 and had previously closed at $107.52.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

The firm’s fifty day simple moving average is $111.99 and its 200-day simple moving average is $110.84. The stock has a market cap of $4.74 billion, a P/E ratio of 20.14 and a beta of 1.05.

Institutional Investors Weigh In On SPDR S&P 600 Small Cap Growth ETF

Several large investors have recently modified their holdings of the company. True Blue Financial LLC grew its holdings in SPDR S&P 600 Small Cap Growth ETF by 38.6% during the 3rd quarter. True Blue Financial LLC now owns 35,029 shares of the company’s stock worth $3,747,000 after acquiring an additional 9,747 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter worth about $210,000. Triangle Securities Wealth Management acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter valued at about $1,900,000. Mather Group LLC. acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter valued at about $10,762,000. Finally, XY Planning Network Inc. acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter valued at about $248,000.

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.