McAdam LLC Lowers Stock Position in SPDR S&P 600 Small Cap Growth ETF $SLYG

McAdam LLC reduced its stake in SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,390 shares of the company’s stock after selling 6,609 shares during the period. McAdam LLC’s holdings in SPDR S&P 600 Small Cap Growth ETF were worth $4,752,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at approximately $75,000. Courier Capital LLC acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF during the third quarter worth $202,000. Intrua Financial LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter worth $439,000. Rovin Capital UT ADV boosted its position in SPDR S&P 600 Small Cap Growth ETF by 3.9% in the 3rd quarter. Rovin Capital UT ADV now owns 6,363 shares of the company’s stock valued at $600,000 after buying an additional 241 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in SPDR S&P 600 Small Cap Growth ETF by 13.9% in the third quarter. Glass Jacobson Investment Advisors llc now owns 2,262 shares of the company’s stock valued at $213,000 after purchasing an additional 276 shares during the last quarter.

SPDR S&P 600 Small Cap Growth ETF Stock Down 1.3%

SLYG stock opened at $99.41 on Wednesday. The stock’s 50 day moving average is $95.80 and its two-hundred day moving average is $93.82. SPDR S&P 600 Small Cap Growth ETF has a 52-week low of $71.62 and a 52-week high of $101.34. The company has a market capitalization of $3.75 billion, a PE ratio of 20.14 and a beta of 1.09.

SPDR S&P 600 Small Cap Growth ETF Profile

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.