Spinnaker Trust Has $22.94 Million Stock Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Spinnaker Trust trimmed its position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 34.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 538,532 shares of the company’s stock after selling 280,911 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF makes up 1.4% of Spinnaker Trust’s portfolio, making the stock its 14th biggest position. Spinnaker Trust owned 0.20% of SPDR Portfolio S&P 600 Small Cap ETF worth $22,941,000 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. Topsail Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the second quarter worth about $34,000. Centennial Bank AR increased its position in SPDR Portfolio S&P 600 Small Cap ETF by 158.1% in the first quarter. Centennial Bank AR now owns 973 shares of the company’s stock worth $40,000 after purchasing an additional 596 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter valued at $43,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter valued at $49,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 14,066.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,275 shares of the company’s stock valued at $52,000 after purchasing an additional 1,266 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 1.3%

SPSM stock opened at $46.36 on Thursday. The business’s fifty day moving average is $46.24 and its 200-day moving average is $43.44. The company has a market cap of $12.67 billion, a P/E ratio of 17.02 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a twelve month low of $34.79 and a twelve month high of $50.03.

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.