SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Hits New 52-Week High – Should You Buy?

by · The Cerbat Gem

Shares of SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $98.09 and last traded at $97.8450, with a volume of 17733 shares changing hands. The stock had previously closed at $97.24.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

The firm has a 50-day moving average of $93.79 and a 200-day moving average of $91.73. The firm has a market capitalization of $3.79 billion, a P/E ratio of 20.14 and a beta of 1.09.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in SPDR S&P 600 Small Cap Growth ETF by 74.6% during the 3rd quarter. IFP Advisors Inc now owns 316 shares of the company’s stock valued at $30,000 after buying an additional 135 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in SPDR S&P 600 Small Cap Growth ETF in the 2nd quarter worth $30,000. Atwood & Palmer Inc. purchased a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at about $48,000. Smartleaf Asset Management LLC raised its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 2,988.2% during the first quarter. Smartleaf Asset Management LLC now owns 525 shares of the company’s stock valued at $43,000 after acquiring an additional 508 shares during the last quarter. Finally, Ameriflex Group Inc. raised its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 285.6% during the second quarter. Ameriflex Group Inc. now owns 748 shares of the company’s stock valued at $66,000 after acquiring an additional 554 shares during the last quarter.

About SPDR S&P 600 Small Cap Growth ETF

(Get Free Report)

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.

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