SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) saw an uptick in trading volume on Tuesday . Approximately 8,334,307 shares were traded during mid-day trading, an increase of 293% from the previous session’s volume of 2,118,411 shares.The stock last traded at $55.59 and had previously closed at $56.20.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02. The business has a fifty day moving average price of $57.03 and a 200 day moving average price of $53.52.

Hedge Funds Weigh In On SPDR Portfolio S&P 600 Small Cap ETF

Several large investors have recently bought and sold shares of the stock. Financial Insights Inc. grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 10.9% in the 2nd quarter. Financial Insights Inc. now owns 278,497 shares of the company’s stock worth $16,061,000 after purchasing an additional 27,311 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 12.2% in the second quarter. Ameritas Advisory Services LLC now owns 9,229 shares of the company’s stock valued at $532,000 after buying an additional 1,005 shares during the period. Guardian Wealth Advisors LLC NC grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 54.3% during the second quarter. Guardian Wealth Advisors LLC NC now owns 3,761 shares of the company’s stock worth $217,000 after buying an additional 1,323 shares in the last quarter. PCG Wealth Advisors LLC increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 10.9% during the second quarter. PCG Wealth Advisors LLC now owns 7,130 shares of the company’s stock valued at $411,000 after acquiring an additional 700 shares during the period. Finally, SFG Wealth Management LLC. increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 2.2% during the second quarter. SFG Wealth Management LLC. now owns 22,314 shares of the company’s stock valued at $1,287,000 after acquiring an additional 474 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.