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

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $110.05 and last traded at $110.04, with a volume of 115077 shares traded. The stock had previously closed at $108.09.

SPDR S&P 600 Small Cap Growth ETF Price Performance

The business’s fifty day simple moving average is $102.82 and its 200 day simple moving average is $99.42. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 20.14 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Stonebridge Wealth Management LLC raised its stake in SPDR S&P 600 Small Cap Growth ETF by 2.2% during the first quarter. Stonebridge Wealth Management LLC now owns 4,467 shares of the company’s stock worth $432,000 after acquiring an additional 95 shares during the period. First City Capital Management Inc. boosted its stake in SPDR S&P 600 Small Cap Growth ETF by 1.8% in the first quarter. First City Capital Management Inc. now owns 5,523 shares of the company’s stock valued at $534,000 after acquiring an additional 95 shares during the period. Freedom Investment Management Inc. grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 1.2% during the fourth quarter. Freedom Investment Management Inc. now owns 8,729 shares of the company’s stock valued at $822,000 after purchasing an additional 103 shares during the last quarter. Walled Lake Planning & Wealth Management LLC grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 2.0% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 5,357 shares of the company’s stock valued at $505,000 after purchasing an additional 103 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of SPDR S&P 600 Small Cap Growth ETF by 21.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 635 shares of the company’s stock worth $56,000 after purchasing an additional 110 shares during the period.

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.