Modera Wealth Management LLC Sells 12,623 Shares of SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Modera Wealth Management LLC cut its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 18.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 57,079 shares of the company’s stock after selling 12,623 shares during the quarter. Modera Wealth Management LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $2,758,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% in the 4th quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock valued at $1,264,764,000 after acquiring an additional 1,362,095 shares during the period. Betterment LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the fourth quarter. Betterment LLC now owns 18,757,519 shares of the company’s stock valued at $878,977,000 after acquiring an additional 614,934 shares during the last quarter. Morgan Stanley lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 155.9% during the fourth quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock worth $644,197,000 after purchasing an additional 8,375,030 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,463,327 shares of the company’s stock worth $302,872,000 after purchasing an additional 100,394 shares during the period. Finally, Valmark Advisers Inc. lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.1% during the first quarter. Valmark Advisers Inc. now owns 5,412,325 shares of the company’s stock worth $261,524,000 after purchasing an additional 109,719 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 0.8%

Shares of SPDR Portfolio S&P 600 Small Cap ETF stock opened at $56.76 on Friday. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 17.02 and a beta of 1.01. SPDR Portfolio S&P 600 Small Cap ETF has a twelve month low of $41.76 and a twelve month high of $58.06. The company’s fifty day moving average is $55.08 and its 200 day moving average is $51.81.

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.