SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Sees Large Volume Increase – Here’s Why

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) shares saw unusually-strong trading volume on Monday . Approximately 602,839 shares traded hands during trading, a decline of 5% from the previous session’s volume of 635,619 shares.The stock last traded at $68.85 and had previously closed at $68.42.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Stock Up 0.4 %

The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 23.91 and a beta of 1.02. The company’s 50-day moving average is $72.26 and its 200-day moving average is $71.52.

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

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 1,557.1% during the fourth quarter. Farther Finance Advisors LLC now owns 464 shares of the company’s stock valued at $33,000 after acquiring an additional 436 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF during the fourth quarter valued at about $48,000. Compass Financial Services Inc acquired a new stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF during the fourth quarter valued at about $74,000. Sherman Asset Management Inc. purchased a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the fourth quarter valued at approximately $141,000. Finally, Copia Wealth Management purchased a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the fourth quarter valued at approximately $156,000.

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.