Shum Financial Group Inc. Takes $4.49 Million Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Shum Financial Group Inc. acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 97,019 shares of the company’s stock, valued at approximately $4,494,000. SPDR Portfolio S&P 600 Small Cap ETF accounts for 3.4% of Shum Financial Group Inc.’s investment portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPSM. Betterment LLC raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 9.2% in the second quarter. Betterment LLC now owns 17,616,693 shares of the company’s stock worth $750,471,000 after acquiring an additional 1,485,197 shares during the period. Valmark Advisers Inc. increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 7.1% in the 2nd quarter. Valmark Advisers Inc. now owns 6,263,369 shares of the company’s stock worth $266,820,000 after purchasing an additional 415,695 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 8.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,148,239 shares of the company’s stock worth $261,915,000 after purchasing an additional 499,599 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.6% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,281,191 shares of the company’s stock worth $151,985,000 after buying an additional 113,601 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,261,561 shares of the company’s stock valued at $138,943,000 after buying an additional 163,374 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of NYSEARCA:SPSM opened at $47.44 on Wednesday. The company has a market capitalization of $12.98 billion, a P/E ratio of 17.02 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $34.79 and a 1-year high of $49.02. The firm’s 50 day simple moving average is $46.80 and its two-hundred day simple moving average is $45.46.

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.