Abound Financial LLC Decreases Position in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Abound Financial LLC reduced its stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,730 shares of the company’s stock after selling 34,959 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF comprises approximately 6.4% of Abound Financial LLC’s portfolio, making the stock its 3rd biggest holding. Abound Financial LLC owned approximately 0.21% of SPDR Portfolio S&P 600 Small Cap ETF worth $27,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPSM. Crestwood Advisors Group LLC increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2.1% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,666,835 shares of the company’s stock valued at $77,207,000 after purchasing an additional 34,710 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in 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. South Shore Capital Advisors bought a new position in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter valued at approximately $1,271,000. Blueprint Financial Advisors LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF during the third quarter valued at approximately $821,000. Finally, Montz Harcus Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.7% during the fourth quarter. Montz Harcus Wealth Management LLC now owns 236,303 shares of the company’s stock worth $11,073,000 after acquiring an additional 12,813 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

Shares of SPSM opened at $55.95 on Tuesday. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $40.99 and a fifty-two week high of $56.61. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02. The firm has a 50 day moving average price of $52.92 and a 200-day moving average price of $50.36.

About SPDR Portfolio S&P 600 Small Cap ETF

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.