SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Large Volume Increase – Should You Buy?

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw an uptick in trading volume on Tuesday . 353,003 shares changed hands 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 Trading Down 1.0 %

The company’s 50 day moving average price is $93.62 and its two-hundred day moving average price is $90.19. The stock has a market cap of $3.69 billion, a P/E ratio of 14.89 and a beta of 1.12.

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

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its position in shares of SPDR S&P 600 Small Cap Growth ETF by 2.1% during the 3rd quarter. LPL Financial LLC now owns 2,321,334 shares of the company’s stock valued at $216,139,000 after buying an additional 46,942 shares in the last quarter. Citigroup Inc. raised its position in shares of SPDR S&P 600 Small Cap Growth ETF by 0.4% during the third quarter. Citigroup Inc. now owns 1,619,809 shares of the company’s stock valued at $150,820,000 after buying an additional 6,425 shares during the last quarter. Townsquare Capital LLC lifted its stake in SPDR S&P 600 Small Cap Growth ETF by 9.1% in the 3rd quarter. Townsquare Capital LLC now owns 1,203,275 shares of the company’s stock worth $112,037,000 after purchasing an additional 100,163 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of SPDR S&P 600 Small Cap Growth ETF by 2,162.3% during the third quarter. Benjamin Edwards Inc. now owns 382,402 shares of the company’s stock valued at $35,606,000 after purchasing an additional 365,499 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 9,248.4% in the second quarter. Strategic Financial Concepts LLC now owns 377,675 shares of the company’s stock worth $324,000 after purchasing an additional 373,635 shares during the last quarter.

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.