SPDR Portfolio S&P 600 Small Cap ETF $SPSM is Cornerstone Advisors Asset Management LLC’s 8th Largest Position

Cornerstone Advisors Asset Management LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 27.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 465,415 shares of the company’s stock after acquiring an additional 99,008 shares during the period. SPDR Portfolio S&P 600 Small Cap ETF accounts for about 3.5% of Cornerstone Advisors Asset Management LLC’s holdings, making the stock its 8th biggest position. Cornerstone Advisors Asset Management LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $26,840,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the 2nd quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock valued at $283,000 after acquiring an additional 220 shares during the period. Cerity Partners LLC lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 19.3% in the second quarter. Cerity Partners LLC now owns 118,719 shares of the company’s stock valued at $5,057,000 after purchasing an additional 19,182 shares during the last quarter. NewEdge Advisors LLC grew its holdings in 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 valued at $7,338,000 after purchasing an additional 34,642 shares during the period. Glenview Trust co increased its position in SPDR Portfolio S&P 600 Small Cap ETF by 13.7% in the second quarter. Glenview Trust co now owns 5,705 shares of the company’s stock worth $243,000 after buying an additional 688 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of 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 valued at $111,383,000 after buying an additional 1,470,388 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of NYSEARCA SPSM opened at $56.51 on Friday. The business’s fifty day moving average price is $57.00 and its 200-day moving average price is $53.65. SPDR Portfolio S&P 600 Small Cap ETF has a one year low of $43.66 and a one year high of $58.60. The stock has a market capitalization of $16.97 billion, a PE ratio of 17.02 and a beta of 1.01.

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.