SPDR Portfolio S&P 600 Small Cap ETF $SPSM Shares Acquired by Valmark Advisers Inc.

Valmark Advisers Inc. boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 2.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,412,325 shares of the company’s stock after purchasing an additional 109,719 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF makes up about 3.1% of Valmark Advisers Inc.’s portfolio, making the stock its 8th largest position. Valmark Advisers Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $261,524,000 at the end of the most recent reporting period.

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

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

SPSM stock traded up $0.03 on Friday, reaching $56.60. 1,057,801 shares of the company were exchanged, compared to its average volume of 2,287,545. The firm has a market capitalization of $16.86 billion, a PE ratio of 17.02 and a beta of 1.01. SPDR Portfolio S&P 600 Small Cap ETF has a 12 month low of $41.76 and a 12 month high of $58.06. The stock’s fifty day moving average price is $54.77 and its 200 day moving average price is $51.51.

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.