Sherman Asset Management Inc. Buys 5,372 Shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)

Sherman Asset Management Inc. lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 9.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 64,974 shares of the company’s stock after buying an additional 5,372 shares during the period. SPDR Portfolio S&P 600 Small Cap ETF comprises about 2.5% of Sherman Asset Management Inc.’s holdings, making the stock its 11th largest position. Sherman Asset Management Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $2,648,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 10.2% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 118,858 shares of the company’s stock worth $4,845,000 after acquiring an additional 11,048 shares in the last quarter. Butensky & Cohen Financial Security Inc. boosted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.5% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 14,558 shares of the company’s stock worth $593,000 after purchasing an additional 360 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 9.1% in the 1st quarter. ST Germain D J Co. Inc. now owns 471,224 shares of the company’s stock worth $19,207,000 after buying an additional 39,282 shares during the last quarter. International City Management Association Retirement Corp bought a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 1st quarter valued at approximately $6,589,000. Finally, NBC Securities Inc. increased its position in SPDR Portfolio S&P 600 Small Cap ETF by 107,580.0% during the 1st quarter. NBC Securities Inc. now owns 5,384 shares of the company’s stock valued at $219,000 after buying an additional 5,379 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

SPSM opened at $41.97 on Monday. The firm has a market cap of $11.07 billion, a PE ratio of 16.31 and a beta of 1.08. The stock has a 50-day moving average price of $39.59 and a 200-day moving average price of $43.17. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $34.79 and a 1 year high of $50.03.

SPDR Portfolio S&P 600 Small Cap ETF Profile

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.