SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Reaches New 52-Week High – Here’s Why

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $54.27 and last traded at $54.22, with a volume of 178728 shares traded. The stock had previously closed at $53.44.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The company has a market cap of $15.61 billion, a PE ratio of 17.02 and a beta of 1.04. The stock’s 50-day simple moving average is $50.97 and its 200 day simple moving average is $49.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter worth $27,000. Brown Lisle Cummings Inc. acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the first quarter worth $27,000. Strive Financial Group LLC acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter worth $28,000. Private Wealth Management Group LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 1st quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 4th quarter worth approximately $33,000.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

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.