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

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw unusually-strong trading volume on Tuesday . Approximately 353,003 shares were traded during trading, an increase of 129% from the previous session’s volume of 153,938 shares.The stock last traded at $99.84 and had previously closed at $100.66.

SPDR S&P 600 Small Cap Growth ETF Price Performance

The stock’s fifty day moving average price is $93.95 and its 200-day moving average price is $90.35. The firm has a market cap of $3.69 billion, a PE ratio of 14.89 and a beta of 1.12.

Institutional Investors Weigh In On SPDR S&P 600 Small Cap Growth ETF

A number of hedge funds have recently modified their holdings of SLYG. New Covenant Trust Company N.A. purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the first quarter valued at about $29,000. Creekmur Asset Management LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at about $32,000. Blue Trust Inc. grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 82.3% in the third quarter. Blue Trust Inc. now owns 370 shares of the company’s stock valued at $32,000 after purchasing an additional 167 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at about $57,000.

SPDR S&P 600 Small Cap Growth ETF Company Profile

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.