SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) saw unusually-strong trading volume on Tuesday . Approximately 8,334,307 shares changed hands during trading, an increase of 293% from the previous session’s volume of 2,118,411 shares.The stock last traded at $55.59 and had previously closed at $56.20.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02. The business has a 50 day moving average of $57.03 and a 200 day moving average of $53.52.

Hedge Funds Weigh In On SPDR Portfolio S&P 600 Small Cap ETF

Hedge funds have recently made changes to their positions in the business. First Trust Advisors LP boosted 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 valued at $283,000 after acquiring an additional 220 shares in the last quarter. Cerity Partners LLC lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 19.3% during the second 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 period. NewEdge Advisors LLC boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 25.2% during the second quarter. NewEdge Advisors LLC now owns 172,246 shares of the company’s stock valued at $7,338,000 after purchasing an additional 34,642 shares in the last quarter. Glenview Trust co grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 13.7% in the 2nd quarter. Glenview Trust co now owns 5,705 shares of the company’s stock valued at $243,000 after purchasing an additional 688 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 128.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock valued at $111,383,000 after purchasing an additional 1,470,388 shares during the period.

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.