Modern Wealth Management LLC Purchases 12,101 Shares of SPDR Portfolio S&P 600 Small Cap ETF $SPSM

Modern Wealth Management LLC increased its position in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 275,573 shares of the company’s stock after buying an additional 12,101 shares during the period. Modern Wealth Management LLC’s holdings in SPDR Portfolio S&P 600 Small Cap ETF were worth $11,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPSM. Atlantic Union Bankshares Corp acquired a new position in SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter valued at approximately $51,000. PNC Financial Services Group Inc. increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 6.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,908,244 shares of the company’s stock valued at $81,291,000 after purchasing an additional 108,624 shares during the period. Allworth Financial LP increased its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 10.2% during the second quarter. Allworth Financial LP now owns 242,465 shares of the company’s stock valued at $10,329,000 after purchasing an additional 22,369 shares during the period. AE Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 23.7% in the second quarter. AE Wealth Management LLC now owns 70,660 shares of the company’s stock valued at $3,010,000 after purchasing an additional 13,521 shares in the last quarter. Finally, Bensler LLC raised its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.8% in the second quarter. Bensler LLC now owns 144,634 shares of the company’s stock valued at $6,161,000 after purchasing an additional 5,295 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

SPSM opened at $48.39 on Friday. The company has a market capitalization of $13.24 billion, a P/E ratio of 17.02 and a beta of 1.08. The firm’s fifty day moving average price is $46.37 and its two-hundred day moving average price is $44.89. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $34.79 and a fifty-two week 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.