Envestnet Asset Management Inc. Acquires 620,942 Shares of SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Envestnet Asset Management Inc. raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 19.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,882,503 shares of the company’s stock after acquiring an additional 620,942 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $179,838,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Betterment LLC lifted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 9.2% during the second quarter. Betterment LLC now owns 17,616,693 shares of the company’s stock valued at $750,471,000 after purchasing an additional 1,485,197 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 worth $261,915,000 after buying an additional 499,599 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 3.6% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,281,191 shares of the company’s stock valued at $151,985,000 after acquiring an additional 113,601 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 128.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,614,616 shares of the company’s stock valued at $111,383,000 after acquiring an additional 1,470,388 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 6.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,908,244 shares of the company’s stock worth $81,291,000 after acquiring an additional 108,624 shares during the period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 0.6%

Shares of SPDR Portfolio S&P 600 Small Cap ETF stock opened at $50.09 on Friday. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 17.02 and a beta of 1.08. The company’s 50 day moving average is $48.62 and its 200 day moving average is $46.61. SPDR Portfolio S&P 600 Small Cap ETF has a twelve month low of $34.79 and a twelve month high of $51.29.

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.