SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Sets New 1-Year High – What’s Next?

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.28 and last traded at $70.27, with a volume of 60071 shares traded. The stock had previously closed at $69.92.

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

The stock’s 50-day moving average is $67.99 and its 200 day moving average is $65.98. The company has a market cap of $9.11 billion, a PE ratio of 25.24 and a beta of 1.00.

Institutional Investors Weigh In On SPDR Portfolio S&P 1500 Composite Stock Market ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC increased its holdings in shares of 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 acquiring an additional 1,821 shares in the last quarter. Congress Asset Management Co. MA increased its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 549.7% in the 4th quarter. Congress Asset Management Co. MA now owns 42,818 shares of the company’s stock valued at $2,503,000 after acquiring an additional 36,228 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 1.3% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 17,031 shares of the company’s stock worth $1,130,000 after acquiring an additional 219 shares during the last quarter. Exchange Capital Management Inc. grew its stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 8.7% during the 1st quarter. Exchange Capital Management Inc. now owns 69,422 shares of the company’s stock valued at $4,453,000 after purchasing an additional 5,574 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 67.0% in the second 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 during the period.

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.