Merit Financial Group LLC Has $16.06 Million Holdings in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Merit Financial Group LLC reduced its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 342,643 shares of the company’s stock after selling 15,052 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $16,056,000 at the end of the most recent quarter.

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

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of SPSM stock opened at $51.62 on Friday. The stock has a market capitalization of $14.77 billion, a PE ratio of 17.02 and a beta of 1.02. The business’s 50 day simple moving average is $49.69 and its 200 day simple moving average is $48.21. SPDR Portfolio S&P 600 Small Cap ETF has a one year low of $36.42 and a one year high of $52.04.

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.