SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sets New 12-Month High – Still a Buy?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares reached a new 52-week high on Monday . The stock traded as high as $56.61 and last traded at $56.42, with a volume of 207962 shares traded. The stock had previously closed at $55.91.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The firm has a market capitalization of $16.02 billion, a P/E ratio of 17.02 and a beta of 1.02. The company’s 50-day simple moving average is $53.06 and its two-hundred day simple moving average is $50.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.1% in the third quarter. Crestwood Advisors Group LLC now owns 1,666,835 shares of the company’s stock worth $77,207,000 after purchasing an additional 34,710 shares in the last quarter. South Shore Capital Advisors purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth $1,271,000. Concurrent Investment Advisors LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 289.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 44,616 shares of the company’s stock worth $2,091,000 after purchasing an additional 33,159 shares in the last quarter. Blueprint Financial Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the third quarter worth $821,000. Finally, Montz Harcus Wealth Management LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.7% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 236,303 shares of the company’s stock worth $11,073,000 after purchasing an additional 12,813 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.