Summit Global Investments Buys New Position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)

Summit Global Investments bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,741 shares of the company’s stock, valued at approximately $2,313,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Copia Wealth Management bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth $27,000. Ameriflex Group Inc. bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth $66,000. Cyrus J. Lawrence LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth $87,000. SVB Wealth LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth $222,000. Finally, Mascagni Wealth Management Inc. bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth $257,000.

SPDR Portfolio S&P 600 Small Cap ETF Trading Up 0.4%

SPSM opened at $41.28 on Friday. The stock has a fifty day simple moving average of $39.56 and a two-hundred day simple moving average of $43.48. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 16.31 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a 12-month low of $34.79 and a 12-month high of $50.03.

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.