SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Reaches New 52-Week High – Here’s Why

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

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

The company has a market cap of $9.05 billion, a P/E ratio of 25.24 and a beta of 1.00. The company’s 50-day moving average is $67.86 and its two-hundred day moving average is $65.92.

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

A number of hedge funds have recently modified their holdings of SPTM. Global Wealth Strategies & Associates purchased a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 1st quarter worth approximately $28,000. 1620 Investment Advisors Inc. purchased a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 2nd quarter worth approximately $33,000. Hunter Associates Investment Management LLC purchased a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 1st quarter worth approximately $229,000. Partnership Wealth Management LLC boosted its holdings in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 6.6% in the 3rd quarter. Partnership Wealth Management LLC now owns 4,856 shares of the company’s stock worth $340,000 after purchasing an additional 300 shares during the period. Finally, Fisher Asset Management LLC purchased a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 4th quarter worth approximately $368,000.

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.