SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Reaches New 1-Year High – Here’s Why

Shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) reached a new 52-week high on Thursday . The company traded as high as $71.51 and last traded at $71.40, with a volume of 9540 shares. The stock had previously closed at $71.15.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Price Performance

The firm has a fifty day simple moving average of $68.81 and a 200-day simple moving average of $66.28. The firm has a market cap of $9.20 billion, a P/E ratio of 25.24 and a beta of 1.00.

Hedge Funds Weigh In On SPDR Portfolio S&P 1500 Composite Stock Market ETF

A number of large investors have recently modified their holdings of the company. Zhang Financial LLC raised its holdings in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 17.7% during the third quarter. Zhang Financial LLC now owns 178,011 shares of the company’s stock worth $12,471,000 after buying an additional 26,740 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 1.4% in the 2nd quarter. Isthmus Partners LLC now owns 77,912 shares of the company’s stock worth $5,169,000 after acquiring an additional 1,096 shares during the last quarter. Exchange Capital Management Inc. lifted its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 7.1% in the 2nd quarter. Exchange Capital Management Inc. now owns 74,331 shares of the company’s stock valued at $4,932,000 after acquiring an additional 4,909 shares in the last quarter. Orca Investment Management LLC lifted its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 2.1% in the 2nd quarter. Orca Investment Management LLC now owns 67,268 shares of the company’s stock valued at $4,463,000 after acquiring an additional 1,353 shares in the last quarter. Finally, Beam Wealth Advisors Inc. purchased a new stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the second quarter worth approximately $4,354,000.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Company Profile

The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an exchange-traded fund that is based on the S&P Composite 1500 index, a market-cap-weighted index selected by the S&P Committee that covers the entire US market cap spectrum. SPTM was launched on Oct 4, 2000 and is managed by State Street.