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

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.04 and last traded at $51.36, with a volume of 1897074 shares. The stock had previously closed at $51.48.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The stock has a market capitalization of $14.54 billion, a PE ratio of 17.02 and a beta of 1.08. The business’s fifty day moving average price is $49.09 and its two-hundred day moving average price is $46.91.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SPSM. Concurrent Investment Advisors LLC lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 23.4% during the second quarter. Concurrent Investment Advisors LLC now owns 13,743 shares of the company’s stock worth $585,000 after purchasing an additional 2,607 shares during the period. Harbour Investments Inc. lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 23.2% during the 2nd quarter. Harbour Investments Inc. now owns 67,830 shares of the company’s stock valued at $2,890,000 after acquiring an additional 12,755 shares during the period. WealthPLAN Partners LLC lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 11.4% during the 2nd quarter. WealthPLAN Partners LLC now owns 8,420 shares of the company’s stock valued at $359,000 after acquiring an additional 862 shares during the period. Private Trust Co. NA boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 17.0% in the 2nd quarter. Private Trust Co. NA now owns 66,685 shares of the company’s stock valued at $2,841,000 after acquiring an additional 9,685 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 7.2% in the second quarter. Stratos Wealth Advisors LLC now owns 61,101 shares of the company’s stock worth $2,603,000 after acquiring an additional 4,090 shares during the period.

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.