Abich Financial Wealth Management LLC Makes New $7.07 Million Investment in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Abich Financial Wealth Management LLC bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) in the 3rd quarter, Holdings Channel reports. The firm bought 152,621 shares of the company’s stock, valued at approximately $7,069,000. SPDR Portfolio S&P 600 Small Cap ETF makes up 2.5% of Abich Financial Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 23.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,743 shares of the company’s stock valued at $585,000 after acquiring an additional 2,607 shares during the period. Axxcess Wealth Management LLC increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 84.7% in the second quarter. Axxcess Wealth Management LLC now owns 53,477 shares of the company’s stock worth $2,278,000 after purchasing an additional 24,518 shares during the period. Harbour Investments Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 23.2% during the second quarter. Harbour Investments Inc. now owns 67,830 shares of the company’s stock worth $2,890,000 after purchasing an additional 12,755 shares during the last quarter. Private Wealth Asset Management LLC bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the second quarter worth $56,000. Finally, Evernest Financial Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the second quarter valued at $5,512,000.

SPDR Portfolio S&P 600 Small Cap ETF Trading Down 1.9%

NYSEARCA SPSM opened at $50.40 on Friday. The stock has a market cap of $14.36 billion, a PE ratio of 17.02 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a 12 month low of $34.79 and a 12 month high of $52.04. The company’s 50-day moving average price is $49.02 and its 200-day moving average price is $46.87.

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.