Financial Gravity Asset Management Inc. Has $18.16 Million Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Financial Gravity Asset Management Inc. increased its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,498 shares of the company’s stock after buying an additional 20,582 shares during the period. SPDR Portfolio S&P 600 Small Cap ETF accounts for 3.5% of Financial Gravity Asset Management Inc.’s portfolio, making the stock its 8th largest position. Financial Gravity Asset Management Inc. owned approximately 0.14% of SPDR Portfolio S&P 600 Small Cap ETF worth $18,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SPSM. Morgan Stanley raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 155.9% in the fourth quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock worth $644,197,000 after buying an additional 8,375,030 shares in the last quarter. Raymond James Financial Inc. raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 128.5% in the second quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock worth $111,383,000 after buying an additional 1,470,388 shares in the last quarter. LPL Financial LLC raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% in the fourth quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock worth $1,264,764,000 after buying an additional 1,362,095 shares in the last quarter. Morningstar Investment Management LLC raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 310.1% in the third quarter. Morningstar Investment Management LLC now owns 994,157 shares of the company’s stock worth $46,049,000 after buying an additional 751,719 shares in the last quarter. Finally, Betterment LLC raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 3.4% in the fourth quarter. Betterment LLC now owns 18,757,519 shares of the company’s stock worth $878,977,000 after buying an additional 614,934 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

SPSM stock opened at $55.91 on Friday. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $40.99 and a 1 year high of $56.28. The company has a market cap of $16.09 billion, a P/E ratio of 17.02 and a beta of 1.02. The firm has a 50-day moving average of $52.78 and a 200 day moving average of $50.26.

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.