Richardson Financial Services Inc. Increases Stake in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Richardson Financial Services Inc. raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 48.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,174 shares of the company’s stock after purchasing an additional 13,058 shares during the quarter. SPDR Portfolio S&P 600 Small Cap ETF accounts for about 1.2% of Richardson Financial Services Inc.’s investment portfolio, making the stock its 17th biggest holding. Richardson Financial Services Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $1,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPSM. Fulton Bank N.A. increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 6.0% during the second quarter. Fulton Bank N.A. now owns 7,309 shares of the company’s stock valued at $311,000 after acquiring an additional 413 shares in the last quarter. Global Financial Private Client LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 37.6% during the 2nd quarter. Global Financial Private Client LLC now owns 16,423 shares of the company’s stock valued at $700,000 after purchasing an additional 4,486 shares during the last quarter. Cypress Financial Planning LLC bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter worth $222,000. International Private Wealth Advisors LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 67.6% in the second quarter. International Private Wealth Advisors LLC now owns 13,621 shares of the company’s stock worth $580,000 after purchasing an additional 5,493 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5.4% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 15,345 shares of the company’s stock worth $654,000 after purchasing an additional 787 shares during the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

Shares of NYSEARCA:SPSM opened at $50.14 on Friday. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $34.79 and a 1 year high of $50.46. The company has a market cap of $14.21 billion, a P/E ratio of 17.02 and a beta of 1.08. The stock’s fifty day moving average price is $47.42 and its 200-day moving average price is $46.01.

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.