SPDR Portfolio S&P 600 Small Cap ETF $SPSM Stock: Park Avenue Securities LLC Lowers Position

Park Avenue Securities LLC reduced its position in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 97.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 292,048 shares of the company’s stock after selling 9,674,967 shares during the period. Park Avenue Securities LLC owned 0.10% of SPDR Portfolio S&P 600 Small Cap ETF worth $15,438,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPSM. Community Financial Services Group LLC purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter valued at about $25,000. Private Wealth Management Group LLC purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 1st quarter worth approximately $29,000. Mather Group LLC. purchased a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 3rd quarter worth approximately $36,000. Blue Trust Inc. boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 773.2% in the 1st quarter. Blue Trust Inc. now owns 716 shares of the company’s stock worth $35,000 after buying an additional 634 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 23.4% in the first quarter. Bessemer Group Inc. now owns 1,271 shares of the company’s stock valued at $61,000 after acquiring an additional 241 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Stock Up 0.6%

SPSM stock opened at $54.29 on Wednesday. The firm has a market cap of $15.97 billion, a PE ratio of 17.02 and a beta of 1.03. The business has a 50 day moving average of $54.70 and a 200-day moving average of $53.25. SPDR Portfolio S&P 600 Small Cap ETF has a 12-month low of $43.66 and a 12-month high of $58.60.

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.