Investment Planning Advisors Inc. Lowers Stock Holdings in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Investment Planning Advisors Inc. trimmed its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 26.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,539 shares of the company’s stock after selling 6,643 shares during the period. Investment Planning Advisors Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Cliftonlarsonallen Wealth Advisors LLC boosted its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.4% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,167,590 shares of the company’s stock valued at $134,939,000 after buying an additional 163,590 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 6.8% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,614,291 shares of the company’s stock worth $65,798,000 after purchasing an additional 102,520 shares during the period. Dakota Wealth Management lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 25.3% in the 2nd quarter. Dakota Wealth Management now owns 1,118,045 shares of the company’s stock worth $47,629,000 after purchasing an additional 225,972 shares during the period. Patriot Investment Management Group Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 7.2% in the 2nd quarter. Patriot Investment Management Group Inc. now owns 736,144 shares of the company’s stock worth $31,360,000 after purchasing an additional 49,409 shares during the period. Finally, Focus Financial Network Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 17.6% in the 2nd quarter. Focus Financial Network Inc. now owns 716,623 shares of the company’s stock worth $30,528,000 after purchasing an additional 107,110 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

Shares of SPSM opened at $46.60 on Friday. The company has a 50 day moving average price of $45.28 and a 200-day moving average price of $42.49. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $34.79 and a fifty-two week high of $50.03. The stock has a market capitalization of $12.57 billion, a PE ratio of 17.02 and a beta of 1.14.

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.