Envestnet Portfolio Solutions Inc. Lowers Stock Holdings in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Envestnet Portfolio Solutions Inc. lessened its position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 14.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 976,262 shares of the company’s stock after selling 160,891 shares during the period. Envestnet Portfolio Solutions Inc. owned approximately 0.33% of SPDR Portfolio S&P 600 Small Cap ETF worth $56,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPSM. LPL Financial LLC raised its holdings 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 worth $1,264,764,000 after purchasing an additional 1,362,095 shares in the last quarter. Valmark Advisers Inc. lifted its position in 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 during the period. Bank of America Corp DE boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 2.3% in the 1st quarter. Bank of America Corp DE now owns 3,927,202 shares of the company’s stock valued at $189,762,000 after purchasing an additional 86,868 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 0.4% in the 4th quarter. Texas Permanent School Fund Corp now owns 1,810,603 shares of the company’s stock valued at $84,845,000 after purchasing an additional 6,486 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in SPDR Portfolio S&P 600 Small Cap ETF by 1.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,776,135 shares of the company’s stock worth $102,430,000 after purchasing an additional 19,008 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

NYSEARCA SPSM traded down $0.59 on Wednesday, hitting $53.70. 2,195,702 shares of the company’s stock were exchanged, compared to its average volume of 2,098,001. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of 17.02 and a beta of 1.01. The firm’s 50-day moving average price is $56.56 and its two-hundred day moving average price is $54.02. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $43.66 and a fifty-two week high of $58.60.

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.