United Asset Strategies Inc. Buys 132,504 Shares of SPDR Portfolio S&P 600 Small Cap ETF $SPSM

United Asset Strategies Inc. raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 44.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 429,834 shares of the company’s stock after buying an additional 132,504 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF makes up about 1.7% of United Asset Strategies Inc.’s holdings, making the stock its 14th largest holding. United Asset Strategies Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $20,770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter worth $27,000. Brown Lisle Cummings Inc. purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the first quarter valued at $27,000. Strive Financial Group LLC purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter valued at $28,000. Private Wealth Management Group LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the first quarter valued at about $29,000. Finally, Lodestone Wealth Management LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter valued at about $33,000.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 0.8%

NYSEARCA:SPSM traded down $0.47 on Tuesday, hitting $56.61. The stock had a trading volume of 770,595 shares, compared to its average volume of 2,273,737. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 17.02 and a beta of 1.01. The business’s 50-day simple moving average is $54.49 and its two-hundred day simple moving average is $51.29. SPDR Portfolio S&P 600 Small Cap ETF has a 52-week low of $41.76 and a 52-week high of $58.06.

SPDR Portfolio S&P 600 Small Cap ETF Company 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.