SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Sets New 52-Week High – Time to Buy?

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) shares hit a new 52-week high during trading on Monday . The company traded as high as $73.61 and last traded at $73.58, with a volume of 16579 shares. The stock had previously closed at $72.90.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Price Performance

The firm has a fifty day moving average of $70.85 and a 200 day moving average of $68.01. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 25.24 and a beta of 1.00.

Hedge Funds Weigh In On SPDR Portfolio S&P 1500 Composite Stock Market ETF

Several institutional investors have recently made changes to their positions in the company. Quent Capital LLC grew its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 6.3% during the third quarter. Quent Capital LLC now owns 30,671 shares of the company’s stock valued at $2,149,000 after buying an additional 1,821 shares during the period. Ashton Thomas Private Wealth LLC grew its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 1.3% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 17,031 shares of the company’s stock valued at $1,130,000 after acquiring an additional 219 shares during the period. Astor Investment Management LLC grew its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 79.6% during the 3rd quarter. Astor Investment Management LLC now owns 248,685 shares of the company’s stock valued at $17,423,000 after acquiring an additional 110,228 shares during the period. TIAA Trust National Association increased its stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 67.0% in the 2nd quarter. TIAA Trust National Association now owns 7,208 shares of the company’s stock valued at $478,000 after purchasing an additional 2,893 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 2nd quarter worth about $910,000.

About SPDR Portfolio S&P 1500 Composite Stock Market ETF

The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an exchange-traded fund that is based on the S&P Composite 1500 index, a market-cap-weighted index selected by the S&P Committee that covers the entire US market cap spectrum. SPTM was launched on Oct 4, 2000 and is managed by State Street.