SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sets New 52-Week Low – Time to Sell?

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $39.40 and last traded at $39.52, with a volume of 621 shares trading hands. The stock had previously closed at $41.50.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 4.3 %

The firm’s 50-day moving average price is $43.27 and its 200 day moving average price is $45.19. The firm has a market cap of $9.87 billion, a P/E ratio of 15.77 and a beta of 1.15.

SPDR Portfolio S&P 600 Small Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were paid a $0.1548 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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

A number of hedge funds have recently made changes to their positions in SPSM. Mascagni Wealth Management Inc. acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $257,000. Copia Wealth Management bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 4th quarter worth about $27,000. Elite Financial Inc. acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter worth approximately $430,000. Ameriflex Group Inc. bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter valued at approximately $66,000. Finally, American Trust increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 32.8% during the fourth quarter. American Trust now owns 15,418 shares of the company’s stock valued at $693,000 after acquiring an additional 3,804 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

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.