Downshift Financial LLC Makes New Investment in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Downshift Financial LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 16,406 shares of the company’s stock, valued at approximately $820,000. SPDR Portfolio S&P 600 Small Cap ETF comprises 0.5% of Downshift Financial LLC’s investment portfolio, making the stock its 25th biggest holding.

A number of other hedge funds have also modified their holdings of SPSM. First Trust Advisors LP lifted its position in SPDR Portfolio S&P 600 Small Cap ETF by 3.4% during the second quarter. First Trust Advisors LP now owns 6,653 shares of the company’s stock valued at $283,000 after purchasing an additional 220 shares during the period. Cerity Partners LLC grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 19.3% during the 2nd quarter. Cerity Partners LLC now owns 118,719 shares of the company’s stock worth $5,057,000 after purchasing an additional 19,182 shares during the period. NewEdge Advisors LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 25.2% during the 2nd quarter. NewEdge Advisors LLC now owns 172,246 shares of the company’s stock valued at $7,338,000 after buying an additional 34,642 shares during the last quarter. Glenview Trust co raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 13.7% during the 2nd quarter. Glenview Trust co now owns 5,705 shares of the company’s stock valued at $243,000 after buying an additional 688 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 128.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock valued at $111,383,000 after buying an additional 1,470,388 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of SPSM opened at $55.86 on Friday. SPDR Portfolio S&P 600 Small Cap ETF has a 52 week low of $40.99 and a 52 week high of $56.60. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02. The stock’s 50-day moving average price is $53.41 and its 200-day moving average price is $50.57.

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.