SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sets New 12-Month High – What’s Next?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)’s share price hit a new 52-week high on Tuesday . The company traded as high as $53.65 and last traded at $53.56, with a volume of 346748 shares traded. The stock had previously closed at $52.97.

SPDR Portfolio S&P 600 Small Cap ETF Stock Up 1.7%

The business’s 50-day simple moving average is $50.03 and its two-hundred day simple moving average is $48.71. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 17.02 and a beta of 1.04.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPSM. First Trust Advisors LP raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the 2nd quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock worth $283,000 after purchasing an additional 220 shares during the last quarter. Cerity Partners LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 19.3% during the 2nd quarter. Cerity Partners LLC now owns 118,719 shares of the company’s stock worth $5,057,000 after purchasing an additional 19,182 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 25.2% during the 2nd quarter. NewEdge Advisors LLC now owns 172,246 shares of the company’s stock worth $7,338,000 after purchasing an additional 34,642 shares during the last quarter. Glenview Trust co raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 13.7% during the 2nd quarter. Glenview Trust co now owns 5,705 shares of the company’s stock worth $243,000 after purchasing an additional 688 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock worth $111,383,000 after purchasing an additional 1,470,388 shares during the last quarter.

About SPDR Portfolio S&P 600 Small Cap ETF

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.