Louisiana State Employees Retirement System Invests $8.99 Million in SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Louisiana State Employees Retirement System bought a new stake in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) during the first quarter, HoldingsChannel.com reports. The fund bought 186,000 shares of the company’s stock, valued at approximately $8,988,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at $27,000. Brown Lisle Cummings Inc. acquired a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the first quarter worth about $27,000. Strive Financial Group LLC acquired a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter worth about $28,000. Lodestone Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $33,000. Finally, Kingdom Financial Group LLC. purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth about $34,000.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

SPSM stock opened at $56.87 on Friday. The firm has a market cap of $16.37 billion, a P/E ratio of 17.02 and a beta of 1.02. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $41.76 and a 1 year high of $57.23. The stock has a 50-day simple moving average of $53.81 and a 200-day simple moving average of $50.84.

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.