SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw an uptick in trading volume on Tuesday . 337,456 shares were traded during trading, an increase of 114% from the previous session’s volume of 157,980 shares.The stock last traded at $77.91 and had previously closed at $78.06.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 18.47 and a beta of 1.08. The firm’s fifty day simple moving average is $84.30 and its 200 day simple moving average is $90.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SLYG. IMG Wealth Management Inc. acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF during the 4th quarter worth about $49,000. Frazier Financial Advisors LLC bought a new stake in SPDR S&P 600 Small Cap Growth ETF in the 4th quarter valued at $50,000. Bellwether Advisors LLC acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the fourth quarter valued at about $59,000. NBC Securities Inc. acquired a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the first quarter valued at approximately $75,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at $98,000.

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.