SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s stock price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $109.91 and traded as high as $111.74. SPDR S&P 600 Small Cap Growth ETF shares last traded at $110.29, with a volume of 272,483 shares trading hands.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 20.14 and a beta of 1.05. The company has a 50 day moving average of $109.91 and a 200 day moving average of $107.82.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SLYG. Kestra Advisory Services LLC raised its stake in SPDR S&P 600 Small Cap Growth ETF by 31.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,257 shares of the company’s stock worth $1,739,000 after acquiring an additional 3,858 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at $16,209,000. Chicago Partners Investment Group LLC boosted its stake in SPDR S&P 600 Small Cap Growth ETF by 7.1% in the third quarter. Chicago Partners Investment Group LLC now owns 44,847 shares of the company’s stock valued at $4,825,000 after acquiring an additional 2,969 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at $270,000. Finally, Salomon & Ludwin LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at $969,000.

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. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.