Gibbs Wealth Management Buys 153,728 Shares of SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Gibbs Wealth Management lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 132.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 269,984 shares of the company’s stock after purchasing an additional 153,728 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF accounts for about 1.7% of Gibbs Wealth Management’s investment portfolio, making the stock its 10th largest holding. Gibbs Wealth Management owned 0.09% of SPDR Portfolio S&P 600 Small Cap ETF worth $13,046,000 as of its most recent filing with the Securities & Exchange Commission.

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

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 0.7%

Shares of SPDR Portfolio S&P 600 Small Cap ETF stock opened at $56.32 on Friday. The stock has a market cap of $16.99 billion, a PE ratio of 17.02 and a beta of 1.01. The business has a fifty day simple moving average of $55.37 and a 200-day simple moving average of $52.11. SPDR Portfolio S&P 600 Small Cap ETF has a 12 month low of $41.76 and a 12 month high of $58.06.

SPDR Portfolio S&P 600 Small Cap ETF 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.