SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sets New 12-Month High – Still a Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s stock price reached a new 52-week high on Friday . The company traded as high as $98.68 and last traded at $97.7450, with a volume of 19128 shares traded. The stock had previously closed at $97.78.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

The stock has a market capitalization of $3.73 billion, a PE ratio of 20.14 and a beta of 1.09. The company’s fifty day simple moving average is $94.75 and its two-hundred day simple moving average is $93.15.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SLYG. Avantax Advisory Services Inc. raised its stake in SPDR S&P 600 Small Cap Growth ETF by 16.9% during the second quarter. Avantax Advisory Services Inc. now owns 77,643 shares of the company’s stock worth $6,891,000 after purchasing an additional 11,208 shares during the period. Bill Few Associates Inc. grew its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 24.1% during the 2nd quarter. Bill Few Associates Inc. now owns 7,460 shares of the company’s stock valued at $662,000 after buying an additional 1,451 shares during the period. Dynamic Financial Group increased its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 21.9% during the 2nd quarter. Dynamic Financial Group now owns 18,864 shares of the company’s stock worth $1,674,000 after buying an additional 3,395 shares during the last quarter. Stillwater Capital Advisors LLC increased its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 2.6% during the 2nd quarter. Stillwater Capital Advisors LLC now owns 32,207 shares of the company’s stock worth $2,858,000 after buying an additional 807 shares during the last quarter. Finally, Founders Financial Securities LLC raised its position in shares of SPDR S&P 600 Small Cap Growth ETF by 111.6% in the 3rd quarter. Founders Financial Securities LLC now owns 10,813 shares of the company’s stock worth $1,020,000 after buying an additional 5,704 shares during the period.

SPDR S&P 600 Small Cap Growth ETF Company Profile

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.