SPDR Portfolio S&P 600 Small Cap ETF $SPSM Position Cut by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC reduced its holdings in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,047 shares of the company’s stock after selling 13,645 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF accounts for 0.8% of Garden State Investment Advisory Services LLC’s portfolio, making the stock its 26th largest position. Garden State Investment Advisory Services LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $3,115,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SPSM. Betterment LLC grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 9.2% in the second quarter. Betterment LLC now owns 17,616,693 shares of the company’s stock worth $750,471,000 after purchasing an additional 1,485,197 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 7.1% in the second quarter. Valmark Advisers Inc. now owns 6,263,369 shares of the company’s stock worth $266,820,000 after purchasing an additional 415,695 shares during the period. Charles Schwab Investment Management Inc. grew its position in SPDR Portfolio S&P 600 Small Cap ETF by 8.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,148,239 shares of the company’s stock valued at $261,915,000 after buying an additional 499,599 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,261,561 shares of the company’s stock valued at $138,943,000 after buying an additional 163,374 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.4% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,167,590 shares of the company’s stock worth $134,939,000 after buying an additional 163,590 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Trading Down 1.0%

Shares of NYSEARCA:SPSM opened at $48.39 on Friday. The company has a 50 day moving average of $46.37 and a 200-day moving average of $44.89. The firm has a market cap of $13.24 billion, a P/E ratio of 17.02 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a twelve month low of $34.79 and a twelve month high of $49.02.

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.