Sax Wealth Advisors LLC Invests $1.40 Million in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Sax Wealth Advisors LLC acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,225 shares of the company’s stock, valued at approximately $1,397,000.

Several other large investors also recently modified their holdings of the company. Morgan Stanley lifted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 155.9% in the fourth quarter. Morgan Stanley now owns 13,747,260 shares of the company’s stock valued at $644,197,000 after buying an additional 8,375,030 shares during the period. Raymond James Financial Inc. grew its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the 2nd 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. LPL Financial LLC grew its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% during the 4th quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock worth $1,264,764,000 after acquiring an additional 1,362,095 shares during the period. Morningstar Investment Management LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 310.1% in the 3rd quarter. Morningstar Investment Management LLC now owns 994,157 shares of the company’s stock worth $46,049,000 after acquiring an additional 751,719 shares in the last quarter. Finally, Betterment LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.4% in the 4th quarter. Betterment LLC now owns 18,757,519 shares of the company’s stock worth $878,977,000 after acquiring an additional 614,934 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of NYSEARCA:SPSM opened at $57.91 on Monday. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $43.12 and a 1 year high of $58.60. The business’s 50-day moving average is $56.22 and its 200-day moving average is $52.72. The company has a market capitalization of $17.39 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.