SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Hits New 52-Week High – Time to Buy?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $52.04 and last traded at $51.36, with a volume of 1897074 shares traded. The stock had previously closed at $51.48.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The firm has a market capitalization of $14.63 billion, a P/E ratio of 17.02 and a beta of 1.08. The business has a 50 day moving average price of $48.96 and a 200 day moving average price of $46.84.

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

Several large investors have recently bought and sold shares of SPSM. LPL Financial LLC lifted its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% in the fourth quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock worth $1,264,764,000 after purchasing an additional 1,362,095 shares during the period. Betterment LLC raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 3.0% in the 3rd quarter. Betterment LLC now owns 18,142,585 shares of the company’s stock valued at $840,365,000 after purchasing an additional 525,892 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SPDR Portfolio S&P 600 Small Cap ETF by 8.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,148,239 shares of the company’s stock worth $261,915,000 after buying an additional 499,599 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 19.0% during the third quarter. Envestnet Asset Management Inc. now owns 3,882,503 shares of the company’s stock worth $179,838,000 after purchasing an additional 620,942 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 6.1% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,480,713 shares of the company’s stock worth $163,106,000 after buying an additional 199,522 shares in the last quarter.

About SPDR Portfolio S&P 600 Small Cap ETF

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.