Financial Gravity Asset Management Inc. Has $18.16 Million Stock Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Financial Gravity Asset Management Inc. raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 5.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 387,498 shares of the company’s stock after purchasing an additional 20,582 shares during the period. SPDR Portfolio S&P 600 Small Cap ETF comprises 3.5% of Financial Gravity Asset Management Inc.’s portfolio, making the stock its 8th largest holding. Financial Gravity Asset Management Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $18,158,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crestwood Advisors Group LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.1% during the third quarter. Crestwood Advisors Group LLC now owns 1,666,835 shares of the company’s stock valued at $77,207,000 after purchasing an additional 34,710 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 289.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 44,616 shares of the company’s stock valued at $2,091,000 after purchasing an additional 33,159 shares in the last quarter. South Shore Capital Advisors bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter valued at approximately $1,271,000. Montz Harcus Wealth Management LLC increased its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.7% during the fourth quarter. Montz Harcus Wealth Management LLC now owns 236,303 shares of the company’s stock valued at $11,073,000 after purchasing an additional 12,813 shares in the last quarter. Finally, Blueprint Financial Advisors LLC bought a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the third quarter valued at approximately $821,000.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

Shares of NYSEARCA SPSM opened at $55.91 on Friday. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $40.99 and a fifty-two week high of $56.28. The company has a 50 day simple moving average of $52.78 and a two-hundred day simple moving average of $50.26. The company has a market capitalization of $16.09 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02.

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.