SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Strong Trading Volume – Should You Buy?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares saw strong trading volume on Wednesday . 1,948,334 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 1,651,076 shares.The stock last traded at $45.13 and had previously closed at $45.71.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

The company has a 50-day moving average price of $46.08 and a 200-day moving average price of $45.61. The firm has a market capitalization of $11.23 billion, a P/E ratio of 13.57 and a beta of 1.15.

Institutional Trading of SPDR Portfolio S&P 600 Small Cap ETF

A number of large investors have recently made changes to their positions in SPSM. Private Trust Co. NA raised its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 2.6% during the 3rd quarter. Private Trust Co. NA now owns 49,295 shares of the company’s stock worth $2,243,000 after buying an additional 1,228 shares during the period. American Trust raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.5% during the third quarter. American Trust now owns 11,614 shares of the company’s stock worth $529,000 after acquiring an additional 390 shares during the period. Global Financial Private Client LLC lifted its position in SPDR Portfolio S&P 600 Small Cap ETF by 7.0% in the 4th quarter. Global Financial Private Client LLC now owns 18,879 shares of the company’s stock valued at $848,000 after acquiring an additional 1,235 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 71.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 17,454 shares of the company’s stock worth $784,000 after purchasing an additional 7,264 shares during the period. Finally, PSI Advisors LLC increased its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 1.2% during the 3rd quarter. PSI Advisors LLC now owns 165,532 shares of the company’s stock worth $7,533,000 after purchasing an additional 2,007 shares in the last quarter.

About SPDR Portfolio S&P 600 Small Cap ETF

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.