SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Reaches New 1-Year Low – Here’s What Happened

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $78.55 and last traded at $79.14, with a volume of 189954 shares. The stock had previously closed at $84.49.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 18.98 and a beta of 1.14. The company has a 50-day moving average price of $87.79 and a 200-day moving average price of $91.76.

SPDR S&P 600 Small Cap Growth ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were issued a dividend of $0.2156 per share. The ex-dividend date was Monday, March 24th.

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

Hedge funds have recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 4th quarter valued at $49,000. Frazier Financial Advisors LLC bought a new position in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $50,000. Bellwether Advisors LLC bought a new position in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $59,000. Rialto Wealth Management LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF in the fourth quarter valued at about $98,000. Finally, Capital Analysts LLC increased its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 678.7% in the fourth quarter. Capital Analysts LLC now owns 1,425 shares of the company’s stock worth $129,000 after acquiring an additional 1,242 shares in 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.