SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Hits New 12-Month High – Should You Buy?

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $71.51 and last traded at $71.40, with a volume of 9540 shares traded. The stock had previously closed at $71.15.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Stock Up 0.2 %

The firm’s 50-day moving average price is $68.56 and its 200 day moving average price is $66.19. The company has a market capitalization of $9.18 billion, a P/E ratio of 25.24 and a beta of 1.00.

Institutional Investors Weigh In On SPDR Portfolio S&P 1500 Composite Stock Market ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Zhang Financial LLC grew its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 17.7% in the 3rd quarter. Zhang Financial LLC now owns 178,011 shares of the company’s stock worth $12,471,000 after purchasing an additional 26,740 shares in the last quarter. Partnership Wealth Management LLC grew its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 6.6% in the 3rd quarter. Partnership Wealth Management LLC now owns 4,856 shares of the company’s stock worth $340,000 after purchasing an additional 300 shares in the last quarter. Quent Capital LLC grew its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 6.3% in the 3rd quarter. Quent Capital LLC now owns 30,671 shares of the company’s stock worth $2,149,000 after purchasing an additional 1,821 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 2nd quarter worth about $910,000. Finally, Beam Wealth Advisors Inc. bought a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 2nd quarter worth about $4,354,000.

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.