Shares of SPDR S&P 600 Small Cap ETF (NYSEARCA:SLY) shot up 8.8% on Tuesday . The stock traded as high as $46.41 and last traded at $45.95, 614,700 shares were traded during trading. An increase of 299% from the average session volume of 154,016 shares. The stock had previously closed at $42.25.

The firm has a 50-day moving average of $62.07 and a two-hundred day moving average of $67.97.

A number of hedge funds have recently made changes to their positions in the stock. Carnegie Capital Asset Management LLC grew its position in shares of SPDR S&P 600 Small Cap ETF by 1.3% in the third quarter. Carnegie Capital Asset Management LLC now owns 72,642 shares of the company’s stock valued at $4,882,000 after purchasing an additional 917 shares during the period. Enterprise Bank & Trust Co increased its position in shares of SPDR S&P 600 Small Cap ETF by 2.0% during the fourth quarter. Enterprise Bank & Trust Co now owns 94,619 shares of the company’s stock worth $6,855,000 after acquiring an additional 1,897 shares during the last quarter. Cribstone Capital Management LLC increased its position in shares of SPDR S&P 600 Small Cap ETF by 14.3% during the fourth quarter. Cribstone Capital Management LLC now owns 4,916 shares of the company’s stock worth $356,000 after acquiring an additional 615 shares during the last quarter. Arthur M. Cohen & Associates LLC purchased a new stake in shares of SPDR S&P 600 Small Cap ETF during the fourth quarter worth about $565,000. Finally, Gateway Advisory LLC increased its position in shares of SPDR S&P 600 Small Cap ETF by 85.8% during the fourth quarter. Gateway Advisory LLC now owns 68,703 shares of the company’s stock worth $4,978,000 after acquiring an additional 31,720 shares during the last quarter.

About SPDR S&P 600 Small Cap ETF (NYSEARCA:SLY)

SPDR S&P 600 Small Cap ETF seeks to closely match the returns and characteristics of the S&P Small Cap 600 Index. The S&P SmallCap 600 Index measures the performance of the small-capitalization sector in the United States equity market. The selection universe for the Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.

Further Reading: Monthly Dividend Stocks

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