SPDR Portfolio S&P 600 Small Cap ETF $SPSM Stock Position Raised by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 366,407 shares of the company’s stock after acquiring an additional 16,164 shares during the period. SPDR Portfolio S&P 600 Small Cap ETF comprises 2.7% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 10th biggest position. Cornerstone Advisors Asset Management LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $17,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% in the 4th quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock valued at $1,264,764,000 after acquiring an additional 1,362,095 shares in the last quarter. Betterment LLC lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the fourth quarter. Betterment LLC now owns 18,757,519 shares of the company’s stock worth $878,977,000 after purchasing an additional 614,934 shares in the last quarter. Morgan Stanley lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 155.9% during the fourth quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock worth $644,197,000 after purchasing an additional 8,375,030 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,463,327 shares of the company’s stock worth $302,872,000 after purchasing an additional 100,394 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.1% in the first quarter. Valmark Advisers Inc. now owns 5,412,325 shares of the company’s stock valued at $261,524,000 after purchasing an additional 109,719 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

Shares of SPSM stock opened at $56.76 on Monday. The stock has a market capitalization of $17.05 billion, a P/E ratio of 17.02 and a beta of 1.01. The company has a 50 day moving average price of $55.08 and a 200 day moving average price of $51.84. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $41.76 and a fifty-two week high of $58.06.

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.