PFG Private Wealth Management LLC Makes New $862,000 Investment in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

PFG Private Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,616 shares of the company’s stock, valued at approximately $862,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPSM. Betterment LLC grew its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 9.2% during the second quarter. Betterment LLC now owns 17,616,693 shares of the company’s stock valued at $750,471,000 after buying an additional 1,485,197 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 8.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,148,239 shares of the company’s stock worth $261,915,000 after purchasing an additional 499,599 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 19.0% during the third quarter. Envestnet Asset Management Inc. now owns 3,882,503 shares of the company’s stock worth $179,838,000 after purchasing an additional 620,942 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its position in SPDR Portfolio S&P 600 Small Cap ETF by 3.6% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,281,191 shares of the company’s stock valued at $151,985,000 after buying an additional 113,601 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 128.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock worth $111,383,000 after buying an additional 1,470,388 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Trading Down 0.2%

Shares of NYSEARCA SPSM opened at $51.36 on Thursday. SPDR Portfolio S&P 600 Small Cap ETF has a 12 month low of $34.79 and a 12 month high of $52.04. The company has a 50 day simple moving average of $48.96 and a two-hundred day simple moving average of $46.84. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 17.02 and a beta of 1.08.

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.