Lunt Capital Management Inc. Has $1.81 Million Stock Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Lunt Capital Management Inc. boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 42.8% in the 3rd quarter, Holdings Channel reports. The firm owned 39,142 shares of the company’s stock after buying an additional 11,739 shares during the period. Lunt Capital Management Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $1,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SPSM. Mengis Capital Management Inc. raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.5% during the 3rd quarter. Mengis Capital Management Inc. now owns 9,762 shares of the company’s stock worth $452,000 after buying an additional 510 shares in the last quarter. Rock Point Advisors LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the third quarter valued at about $232,000. Evernest Financial Advisors LLC raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 25.5% during the third quarter. Evernest Financial Advisors LLC now owns 162,330 shares of the company’s stock worth $7,519,000 after acquiring an additional 32,950 shares in the last quarter. Fiduciary Group LLC raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 21.2% during the third quarter. Fiduciary Group LLC now owns 97,547 shares of the company’s stock worth $4,518,000 after acquiring an additional 17,048 shares in the last quarter. Finally, Blueprint Financial Advisors LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the third quarter worth about $821,000.

SPDR Portfolio S&P 600 Small Cap ETF Trading Up 0.5%

SPSM opened at $50.63 on Thursday. The company’s 50 day moving average is $49.84 and its 200-day moving average is $47.59. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $34.79 and a 1-year high of $52.04. The company has a market cap of $14.42 billion, a P/E ratio of 17.02 and a beta of 1.08.

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.