Independent Financial Group LLC Takes $897,000 Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Independent Financial Group LLC purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,567 shares of the company’s stock, valued at approximately $897,000.

A number of other institutional investors and hedge funds have also modified their holdings of SPSM. South Shore Capital Advisors purchased a new position in SPDR Portfolio S&P 600 Small Cap ETF during the 4th quarter valued at about $1,271,000. Montz Harcus Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.7% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 236,303 shares of the company’s stock valued at $11,073,000 after purchasing an additional 12,813 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 289.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 44,616 shares of the company’s stock valued at $2,091,000 after purchasing an additional 33,159 shares during the last quarter. Fifth Third Bancorp grew its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 4.4% in the fourth quarter. Fifth Third Bancorp now owns 333,329 shares of the company’s stock valued at $15,620,000 after purchasing an additional 14,066 shares during the last quarter. Finally, Patriot Investment Management Group Inc. increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.7% during the 4th quarter. Patriot Investment Management Group Inc. now owns 790,099 shares of the company’s stock worth $37,024,000 after purchasing an additional 20,560 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of SPSM opened at $57.00 on Wednesday. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $41.76 and a 1-year high of $58.06. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 17.02 and a beta of 1.01. The firm has a 50 day simple moving average of $55.22 and a 200-day simple moving average of $51.98.

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.