MinichMacGregor Wealth Management LLC Makes New Investment in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

MinichMacGregor Wealth Management LLC bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 16,970 shares of the company’s stock, valued at approximately $786,000.

A number of other institutional investors have also recently made changes to their positions in SPSM. Fulton Bank N.A. boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 6.0% during the 2nd quarter. Fulton Bank N.A. now owns 7,309 shares of the company’s stock worth $311,000 after purchasing an additional 413 shares during the last quarter. Global Financial Private Client LLC lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 37.6% in the second quarter. Global Financial Private Client LLC now owns 16,423 shares of the company’s stock worth $700,000 after buying an additional 4,486 shares in the last quarter. Cypress Financial Planning LLC acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the second quarter worth about $222,000. International Private Wealth Advisors LLC grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 67.6% during the 2nd quarter. International Private Wealth Advisors LLC now owns 13,621 shares of the company’s stock valued at $580,000 after acquiring an additional 5,493 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 5.4% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 15,345 shares of the company’s stock valued at $654,000 after acquiring an additional 787 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

SPSM opened at $50.14 on Friday. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 17.02 and a beta of 1.08. The company’s 50 day simple moving average is $47.42 and its two-hundred day simple moving average is $46.01. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $34.79 and a 1-year high of $50.46.

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.