Envestnet Portfolio Solutions Inc. Decreases Stake in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Envestnet Portfolio Solutions Inc. cut its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 14.1% during the second quarter, HoldingsChannel.com reports. The firm owned 976,262 shares of the company’s stock after selling 160,891 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $56,301,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Tortoise Investment Management LLC lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 6.4% in the second quarter. Tortoise Investment Management LLC now owns 235,466 shares of the company’s stock valued at $13,579,000 after purchasing an additional 14,060 shares during the period. Sequoia Financial Advisors LLC grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 0.6% during the second quarter. Sequoia Financial Advisors LLC now owns 72,026 shares of the company’s stock worth $4,154,000 after buying an additional 418 shares during the period. Tidal Investments LLC acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF during the second quarter worth about $1,469,000. Lunt Capital Management Inc. grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 31.4% during the second quarter. Lunt Capital Management Inc. now owns 39,361 shares of the company’s stock worth $2,270,000 after buying an additional 9,401 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 3.8% in the second quarter. Integrated Wealth Concepts LLC now owns 417,275 shares of the company’s stock valued at $24,064,000 after buying an additional 15,284 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of SPSM stock traded down $0.59 during midday trading on Wednesday, reaching $53.70. 2,195,702 shares of the company traded hands, compared to its average volume of 2,098,001. The firm’s 50 day simple moving average is $56.56 and its two-hundred day simple moving average is $54.02. SPDR Portfolio S&P 600 Small Cap ETF has a 1-year low of $43.66 and a 1-year high of $58.60. The firm has a market cap of $15.87 billion, a PE ratio of 17.02 and a beta of 1.01.

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.