SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Strong Trading Volume – Still a Buy?

Shares of SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw unusually-high trading volume on Tuesday . Approximately 365,320 shares changed hands during trading, an increase of 176% from the previous session’s volume of 132,463 shares.The stock last traded at $93.36 and had previously closed at $93.24.

SPDR S&P 600 Small Cap Growth ETF Trading Up 0.4 %

The stock has a 50 day simple moving average of $94.45 and a 200-day simple moving average of $92.72. The firm has a market cap of $3.46 billion, a PE ratio of 14.89 and a beta of 1.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Moloney Securities Asset Management LLC boosted its holdings in SPDR S&P 600 Small Cap Growth ETF by 9.0% during the 4th quarter. Moloney Securities Asset Management LLC now owns 8,950 shares of the company’s stock valued at $809,000 after acquiring an additional 739 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of SPDR S&P 600 Small Cap Growth ETF by 2.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 51,508 shares of the company’s stock worth $4,654,000 after purchasing an additional 1,438 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the fourth quarter valued at $230,000. Strategic Financial Concepts LLC grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 10,066.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 772,827 shares of the company’s stock worth $69,825,000 after purchasing an additional 765,225 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in SPDR S&P 600 Small Cap Growth ETF by 1.6% in the 4th quarter. GHP Investment Advisors Inc. now owns 235,513 shares of the company’s stock worth $21,279,000 after buying an additional 3,655 shares during the period.

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.