SPDR Portfolio S&P 600 Small Cap ETF $SPSM Shares Sold by MAI Capital Management

MAI Capital Management cut its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 39.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,074 shares of the company’s stock after selling 15,023 shares during the period. MAI Capital Management’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $1,069,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPSM. Betterment LLC raised its stake 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 purchasing an additional 1,485,197 shares during the period. Raymond James Financial Inc. grew its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock valued at $111,383,000 after purchasing an additional 1,470,388 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the 3rd quarter valued at $65,460,000. Envestnet Portfolio Solutions Inc. increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 121.1% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 1,254,850 shares of the company’s stock worth $58,125,000 after buying an additional 687,258 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 19.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,882,503 shares of the company’s stock worth $179,838,000 after buying an additional 620,942 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

NYSEARCA:SPSM opened at $50.55 on Friday. The firm has a 50-day moving average of $49.68 and a two-hundred day moving average of $47.47. The stock has a market cap of $14.40 billion, a P/E ratio of 17.02 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $34.79 and a 1-year high of $52.04.

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.