Synergy Investment Management LLC Lowers Holdings in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Synergy Investment Management LLC decreased its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 79.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,797 shares of the company’s stock after selling 52,877 shares during the quarter. Synergy Investment Management LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $639,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPSM. Cullen Frost Bankers Inc. increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 11.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 14,520 shares of the company’s stock worth $619,000 after purchasing an additional 1,545 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the second quarter valued at about $514,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 11.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 130,500 shares of the company’s stock worth $5,559,000 after acquiring an additional 13,100 shares during the last quarter. Ranch Capital Advisors Inc. boosted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 13.3% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 18,352 shares of the company’s stock worth $782,000 after purchasing an additional 2,160 shares during the period. Finally, AF Advisors Inc. acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter valued at approximately $3,834,000.

SPDR Portfolio S&P 600 Small Cap ETF Stock Up 0.3%

NYSEARCA:SPSM opened at $51.12 on Thursday. The stock’s fifty day moving average is $49.30 and its two-hundred day moving average is $47.11. SPDR Portfolio S&P 600 Small Cap ETF has a 52 week low of $34.79 and a 52 week high of $52.04. The stock has a market capitalization of $14.56 billion, a price-to-earnings ratio of 17.02 and a beta of 1.08.

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.