SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $54.25 and traded as high as $55.35. SPDR Portfolio S&P 600 Small Cap ETF shares last traded at $55.06, with a volume of 1,336,450 shares traded.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The firm has a market capitalization of $16.26 billion, a P/E ratio of 17.02 and a beta of 1.04. The firm has a 50-day moving average price of $54.22 and a two-hundred day moving average price of $53.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Boston Standard Wealth Management LLC bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the third quarter valued at approximately $19,884,000. Cornerstone Advisors Asset Management LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 27.0% in the second quarter. Cornerstone Advisors Asset Management LLC now owns 465,415 shares of the company’s stock valued at $26,840,000 after purchasing an additional 99,008 shares during the period. Tidal Investments LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the second quarter valued at approximately $1,469,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,776,135 shares of the company’s stock valued at $102,430,000 after purchasing an additional 19,008 shares during the period. Finally, Avior Wealth Management LLC grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 1.6% in the second quarter. Avior Wealth Management LLC now owns 558,732 shares of the company’s stock worth $32,222,000 after purchasing an additional 8,770 shares in the last quarter.

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.