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

Shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) hit 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. The stock had previously closed at $69.92.

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

The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 25.24 and a beta of 1.00. The stock has a 50-day moving average price of $67.86 and a 200 day moving average price of $65.92.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPTM. Zhang Financial LLC increased its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 11.6% in the 2nd quarter. Zhang Financial LLC now owns 151,271 shares of the company’s stock valued at $10,037,000 after acquiring an additional 15,712 shares during the period. Isthmus Partners LLC lifted its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 1.4% during the second quarter. Isthmus Partners LLC now owns 77,912 shares of the company’s stock valued at $5,169,000 after buying an additional 1,096 shares in the last quarter. Exchange Capital Management Inc. grew its stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 7.1% in the second quarter. Exchange Capital Management Inc. now owns 74,331 shares of the company’s stock valued at $4,932,000 after buying an additional 4,909 shares in the last quarter. Orca Investment Management LLC grew its stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 2.1% during the 2nd quarter. Orca Investment Management LLC now owns 67,268 shares of the company’s stock valued at $4,463,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Beam Wealth Advisors Inc. acquired a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF during the 2nd quarter valued at approximately $4,354,000.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Company Profile

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.