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

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) shares saw an uptick in trading volume on Tuesday . 365,320 shares traded 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 Stock Performance

The stock has a market cap of $3.50 billion, a P/E ratio of 14.89 and a beta of 1.12. The firm has a 50 day moving average of $94.40 and a two-hundred day moving average of $92.73.

Institutional Trading of SPDR S&P 600 Small Cap Growth ETF

A number of hedge funds have recently bought and sold shares of SLYG. Janney Montgomery Scott LLC increased its position in shares of SPDR S&P 600 Small Cap Growth ETF by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,131 shares of the company’s stock valued at $283,000 after purchasing an additional 120 shares during the period. Sigma Planning Corp increased its holdings in SPDR S&P 600 Small Cap Growth ETF by 1.9% in the 3rd quarter. Sigma Planning Corp now owns 7,111 shares of the company’s stock valued at $662,000 after buying an additional 133 shares during the period. Michael S. Ryan Inc. raised its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 0.4% in the 3rd quarter. Michael S. Ryan Inc. now owns 35,476 shares of the company’s stock valued at $3,303,000 after buying an additional 135 shares in the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 6.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 2,224 shares of the company’s stock worth $201,000 after acquiring an additional 137 shares during the period. Finally, Avior Wealth Management LLC boosted its position in shares of SPDR S&P 600 Small Cap Growth ETF by 2.7% during the 4th quarter. Avior Wealth Management LLC now owns 5,691 shares of the company’s stock valued at $514,000 after acquiring an additional 147 shares in the last quarter.

SPDR S&P 600 Small Cap Growth ETF Company Profile

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.