Evolve Private Wealth LLC Invests $6.31 Million in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Evolve Private Wealth LLC purchased a new position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 134,631 shares of the company’s stock, valued at approximately $6,309,000.

A number of other hedge funds also recently added to or reduced their stakes in SPSM. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $27,000. Lodestone Wealth Management LLC purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $33,000. Kingdom Financial Group LLC. purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $34,000. Arax Advisory Partners purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $35,000. Finally, Clearstead Trust LLC lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 230.4% in the third quarter. Clearstead Trust LLC now owns 793 shares of the company’s stock worth $37,000 after acquiring an additional 553 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

SPSM stock opened at $54.90 on Thursday. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02. The firm has a 50-day simple moving average of $53.17 and a two-hundred day simple moving average of $50.47. SPDR Portfolio S&P 600 Small Cap ETF has a one year low of $40.99 and a one year high of $56.60.

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.