SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Large Volume Increase – Still a Buy?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares saw unusually-high trading volume on Wednesday . Approximately 1,328,137 shares were traded during trading, a decline of 19% from the previous session’s volume of 1,649,286 shares.The stock last traded at $45.65 and had previously closed at $44.99.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The company has a market capitalization of $11.14 billion, a PE ratio of 13.57 and a beta of 1.15. The company’s 50-day simple moving average is $44.77 and its 200-day simple moving average is $43.20.

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

Hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 15.8% in the 1st quarter. Avior Wealth Management LLC now owns 315,233 shares of the company’s stock worth $13,568,000 after acquiring an additional 43,042 shares during the period. Whittier Trust Co. boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 229.0% in the 1st quarter. Whittier Trust Co. now owns 3,079 shares of the company’s stock valued at $133,000 after purchasing an additional 2,143 shares in the last quarter. Coulter & Justus Financial Services LLC acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 1st quarter worth approximately $258,000. Pinkerton Retirement Specialists LLC purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 1st quarter worth approximately $525,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.1% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,412,059 shares of the company’s stock valued at $60,775,000 after buying an additional 41,968 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

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.