SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 1-Year Low – Here’s Why

Shares of SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) hit a new 52-week low during trading on Thursday . The company traded as low as $78.55 and last traded at $79.14, with a volume of 189954 shares traded. The stock had previously closed at $84.49.

SPDR S&P 600 Small Cap Growth ETF Trading Down 4.0 %

The company has a fifty day moving average price of $87.79 and a two-hundred day moving average price of $91.76. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 18.98 and a beta of 1.14.

SPDR S&P 600 Small Cap Growth ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a $0.2156 dividend. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On SPDR S&P 600 Small Cap Growth ETF

Several large investors have recently modified their holdings of the stock. Strategic Financial Concepts LLC increased its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 10,066.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 772,827 shares of the company’s stock valued at $69,825,000 after buying an additional 765,225 shares in the last quarter. NorthRock Partners LLC increased its position in SPDR S&P 600 Small Cap Growth ETF by 177.5% in the 4th quarter. NorthRock Partners LLC now owns 631,279 shares of the company’s stock valued at $57,036,000 after acquiring an additional 403,812 shares in the last quarter. Diversified Enterprises LLC raised its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 686.1% in the fourth quarter. Diversified Enterprises LLC now owns 425,578 shares of the company’s stock worth $38,451,000 after acquiring an additional 371,441 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth approximately $18,338,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 436.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 120,231 shares of the company’s stock valued at $10,863,000 after purchasing an additional 97,818 shares during the last quarter.

About SPDR S&P 600 Small Cap Growth ETF

SPDR S&P 600 Small Cap Growth ETF (the Fund), formerly SPDR Dow Jones Small Cap Growth ETF, seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The S&P SmallCap 600 Growth Index measures the performance of the small-capitalization growth sector in the United States equity market.