Lynch & Associates IN Makes New $440,000 Investment in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM)

Lynch & Associates IN bought a new position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) in the second quarter, HoldingsChannel.com reports. The fund bought 11,327 shares of the company’s stock, valued at approximately $440,000.

A number of other institutional investors also recently modified their holdings of SPSM. Assetmark Inc. raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 95.7% in the first quarter. Assetmark Inc. now owns 957,522 shares of the company’s stock worth $36,166,000 after acquiring an additional 468,188 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $17,034,000. RVW Wealth LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the second quarter worth about $16,140,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 49.5% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 1,240,642 shares of the company’s stock worth $45,867,000 after acquiring an additional 410,945 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 150.9% in the first quarter. Integrated Wealth Concepts LLC now owns 330,478 shares of the company’s stock worth $12,482,000 after acquiring an additional 198,768 shares during the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Trading Down 0.4 %

Shares of SPSM traded down $0.14 on Tuesday, reaching $37.64. 704,674 shares of the company’s stock were exchanged, compared to its average volume of 1,068,332. The stock has a market capitalization of $7.81 billion, a P/E ratio of 10.31 and a beta of 1.14. The business has a 50 day moving average price of $39.36 and a two-hundred day moving average price of $38.06. SPDR Portfolio S&P 600 Small Cap ETF has a 12 month low of $33.73 and a 12 month high of $42.26.

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.