SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Strong Trading Volume – What’s Next?

Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) saw unusually-strong trading volume on Wednesday . Approximately 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 Down 1.3 %

The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 13.57 and a beta of 1.15. The company’s 50 day moving average is $46.16 and its 200 day moving average is $45.62.

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

A number of hedge funds have recently added to or reduced their stakes in SPSM. Transcendent Capital Group LLC lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 48.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 1,458 shares of the company’s stock worth $66,000 after acquiring an additional 477 shares during the period. Cyrus J. Lawrence LLC acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter valued at approximately $87,000. Wilson & Boucher Capital Management LLC bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the third quarter worth $196,000. SVB Wealth LLC bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter worth $222,000. Finally, Arlington Trust Co LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 3rd quarter valued at $231,000.

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.