Founders Financial Securities LLC Sells 2,731,952 Shares of SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Founders Financial Securities LLC cut its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 99.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 28,923 shares of the company’s stock after selling 2,731,952 shares during the quarter. Founders Financial Securities LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $1,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPSM. United Asset Strategies Inc. increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.9% in the third quarter. United Asset Strategies Inc. now owns 451,181 shares of the company’s stock worth $23,849,000 after purchasing an additional 16,845 shares during the period. D.A. Davidson & CO. acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF in the third quarter valued at about $7,467,000. VestGen Advisors LLC raised its stake in SPDR Portfolio S&P 600 Small Cap ETF by 20.0% in the third quarter. VestGen Advisors LLC now owns 29,818 shares of the company’s stock valued at $1,576,000 after purchasing an additional 4,960 shares in the last quarter. Financial Insights Inc. lifted its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.0% during the third quarter. Financial Insights Inc. now owns 292,432 shares of the company’s stock worth $15,458,000 after purchasing an additional 13,935 shares during the period. Finally, Convergence Financial LLC bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the third quarter worth about $1,717,000.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 1.2%

Shares of SPDR Portfolio S&P 600 Small Cap ETF stock opened at $54.53 on Friday. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 17.02 and a beta of 1.03. SPDR Portfolio S&P 600 Small Cap ETF has a 12-month low of $43.66 and a 12-month high of $58.60. The firm’s 50-day moving average price is $54.54 and its two-hundred day moving average price is $53.33.

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.