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

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $119.84 and last traded at $119.80, with a volume of 189500 shares changing hands. The stock had previously closed at $117.32.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

The stock’s 50 day moving average price is $113.95 and its 200-day moving average price is $106.06. The company has a market cap of $5.26 billion, a PE ratio of 20.14 and a beta of 1.04.

Institutional Trading of SPDR S&P 600 Small Cap Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nvest Wealth Strategies Inc. grew its stake in SPDR S&P 600 Small Cap Growth ETF by 0.8% in the second quarter. Nvest Wealth Strategies Inc. now owns 70,704 shares of the company’s stock worth $8,423,000 after purchasing an additional 541 shares during the period. HRC Wealth Management LLC lifted its position in SPDR S&P 600 Small Cap Growth ETF by 3.6% during the second quarter. HRC Wealth Management LLC now owns 78,831 shares of the company’s stock valued at $9,391,000 after buying an additional 2,711 shares during the period. Orrstown Financial Services Inc. boosted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 36.9% during the 2nd quarter. Orrstown Financial Services Inc. now owns 5,085 shares of the company’s stock valued at $606,000 after buying an additional 1,370 shares in the last quarter. Friday Financial boosted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 25.3% during the 2nd quarter. Friday Financial now owns 15,533 shares of the company’s stock valued at $1,813,000 after buying an additional 3,139 shares in the last quarter. Finally, World Equity Group Inc. purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the 2nd quarter worth about $406,000.

SPDR S&P 600 Small Cap Growth ETF Company 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.