SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Reaches New 52-Week High – Still a Buy?

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) shares reached a new 52-week high on Thursday . The stock traded as high as $94.53 and last traded at $94.51, with a volume of 47922 shares traded. The stock had previously closed at $93.80.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Trading Up 0.6%

The company has a market cap of $14.12 billion, a price-to-earnings ratio of 25.00 and a beta of 1.00. The firm’s fifty day moving average price is $90.83 and its 200-day moving average price is $86.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPTM. Ascentis Independent Advisors bought a new stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the first quarter worth about $28,000. Archer Investment Corp bought a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF during the 1st quarter valued at about $67,000. TD Private Client Wealth LLC acquired a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 4th quarter valued at approximately $72,000. Sankala Group LLC acquired a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 4th quarter valued at approximately $157,000. Finally, Manning & Napier Advisors LLC bought a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF during the 1st quarter worth approximately $177,000.

About SPDR Portfolio S&P 1500 Composite Stock Market ETF

The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an exchange-traded fund that is based on the S&P Composite 1500 index, a market-cap-weighted index selected by the S&P Committee that covers the entire US market cap spectrum. SPTM was launched on Oct 4, 2000 and is managed by State Street.