Gibbs Wealth Management Cuts Stake in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Gibbs Wealth Management lessened its holdings in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,967 shares of the company’s stock after selling 20,687 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF accounts for 1.3% of Gibbs Wealth Management’s investment portfolio, making the stock its 15th biggest position. Gibbs Wealth Management’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $5,603,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Financial Consulate Inc. bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 3rd quarter valued at about $30,000. Compass Financial Services Inc grew its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 225.9% in the second quarter. Compass Financial Services Inc now owns 756 shares of the company’s stock worth $32,000 after purchasing an additional 524 shares during the last quarter. Topsail Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the second quarter worth $34,000. Chapman Financial Group LLC bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the 2nd quarter valued at $38,000. Finally, Realta Investment Advisors boosted its position in SPDR Portfolio S&P 600 Small Cap ETF by 173.2% during the 3rd quarter. Realta Investment Advisors now owns 1,000 shares of the company’s stock valued at $46,000 after buying an additional 634 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 1.8%

Shares of SPDR Portfolio S&P 600 Small Cap ETF stock opened at $49.90 on Friday. The company’s fifty day simple moving average is $47.82 and its two-hundred day simple moving average is $46.23. SPDR Portfolio S&P 600 Small Cap ETF has a 12-month low of $34.79 and a 12-month high of $51.29. The firm has a market cap of $14.14 billion, a PE ratio of 17.02 and a beta of 1.08.

About SPDR Portfolio S&P 600 Small Cap ETF

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.