SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 12-Month High – Should You Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $100.41 and last traded at $100.41, with a volume of 3204 shares. The stock had previously closed at $99.02.

SPDR S&P 600 Small Cap Growth ETF Trading Up 2.1 %

The company has a market capitalization of $3.74 billion, a PE ratio of 14.89 and a beta of 1.12. The business has a fifty day moving average of $93.43 and a 200 day moving average of $90.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SLYG. New Covenant Trust Company N.A. purchased a new position in SPDR S&P 600 Small Cap Growth ETF in the 1st quarter valued at approximately $29,000. Creekmur Asset Management LLC acquired a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at $32,000. Blue Trust Inc. grew its stake in SPDR S&P 600 Small Cap Growth ETF by 82.3% during the 3rd quarter. Blue Trust Inc. now owns 370 shares of the company’s stock worth $32,000 after purchasing an additional 167 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in SPDR S&P 600 Small Cap Growth ETF during the 3rd quarter worth about $57,000.

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.