UBS Group AG Cuts Stock Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

UBS Group AG reduced its position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 15.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,286,446 shares of the company’s stock after selling 226,413 shares during the quarter. UBS Group AG’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $60,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPSM. First Trust Advisors LP boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% in the 2nd quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock worth $283,000 after purchasing an additional 220 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 19.3% in the 2nd quarter. Cerity Partners LLC now owns 118,719 shares of the company’s stock worth $5,057,000 after purchasing an additional 19,182 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 25.2% in the 2nd quarter. NewEdge Advisors LLC now owns 172,246 shares of the company’s stock worth $7,338,000 after purchasing an additional 34,642 shares in the last quarter. Glenview Trust co boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 13.7% in the 2nd quarter. Glenview Trust co now owns 5,705 shares of the company’s stock worth $243,000 after purchasing an additional 688 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 128.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock worth $111,383,000 after purchasing an additional 1,470,388 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of SPSM stock opened at $52.97 on Tuesday. The stock has a market capitalization of $15.25 billion, a PE ratio of 17.02 and a beta of 1.04. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $39.27 and a 1-year high of $53.63. The business has a 50-day moving average of $50.03 and a 200 day moving average of $48.71.

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.