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

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $107.55 and last traded at $107.55, with a volume of 17115 shares trading hands. The stock had previously closed at $107.10.

SPDR S&P 600 Small Cap Growth ETF Trading Up 0.6%

The company has a 50-day moving average of $99.79 and a 200-day moving average of $97.28. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 20.14 and a beta of 1.05.

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

Large investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new stake in SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at about $26,000. Optima Capital LLC purchased a new stake in SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at about $28,000. Monetary Solutions Ltd purchased a new stake in SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at about $29,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at about $30,000.

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.