Gibbs Wealth Management Buys 153,728 Shares of SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Gibbs Wealth Management boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 132.2% in the first quarter, Holdings Channel reports. The institutional investor owned 269,984 shares of the company’s stock after acquiring an additional 153,728 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF makes up approximately 1.7% of Gibbs Wealth Management’s holdings, making the stock its 10th largest position. Gibbs Wealth Management’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $13,046,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. South Shore Capital Advisors bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 4th quarter valued at $1,271,000. Montz Harcus Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.7% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 236,303 shares of the company’s stock worth $11,073,000 after buying an additional 12,813 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 289.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 44,616 shares of the company’s stock worth $2,091,000 after buying an additional 33,159 shares in the last quarter. Patriot Investment Management Group Inc. boosted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.7% in the fourth quarter. Patriot Investment Management Group Inc. now owns 790,099 shares of the company’s stock valued at $37,024,000 after acquiring an additional 20,560 shares during the period. Finally, Fifth Third Bancorp grew its stake in SPDR Portfolio S&P 600 Small Cap ETF by 4.4% during the fourth quarter. Fifth Third Bancorp now owns 333,329 shares of the company’s stock valued at $15,620,000 after acquiring an additional 14,066 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of NYSEARCA:SPSM opened at $56.32 on Friday. The firm has a fifty day moving average price of $55.37 and a two-hundred day moving average price of $52.11. SPDR Portfolio S&P 600 Small Cap ETF has a one year low of $41.76 and a one year high of $58.06. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 17.02 and a beta of 1.01.

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.