Kensington Asset Management LLC Invests $11.64 Million in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Kensington Asset Management LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 245,342 shares of the company’s stock, valued at approximately $11,639,000. SPDR Portfolio S&P 600 Small Cap ETF accounts for about 0.6% of Kensington Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Kensington Asset Management LLC owned approximately 0.09% of SPDR Portfolio S&P 600 Small Cap ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPSM. First Trust Advisors LP raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the second quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock worth $283,000 after purchasing an additional 220 shares during the period. Cerity Partners LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 19.3% during the second 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 during the period. NewEdge Advisors LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 25.2% during the second 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 during the period. Glenview Trust co raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 13.7% during the second quarter. Glenview Trust co now owns 5,705 shares of the company’s stock worth $243,000 after purchasing an additional 688 shares during the period. Finally, Raymond James Financial Inc. raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the second quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock valued at $111,383,000 after buying an additional 1,470,388 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Trading Up 1.0%

NYSEARCA:SPSM opened at $55.91 on Friday. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02. 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 business’s fifty day moving average price is $52.78 and its 200 day moving average price is $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.